https://www.taxtmi.com/caselaws?id=106543 A winding-up petition based on a decree debt was held time-barred where the underlying supply claim arose in 1992, suit proceedings ended in a 1997 decree, and winding-up was invoked only in 2001. The Court ruled that a decree does not extend limitation for enforcement and cannot be used as a substitute for execution after the prescribed period has expired. It applied the residuary limitation under Article 137 of the Limitation Act, 1963, counting time from the accrual of the cause of action, or at the latest from the date of the decree. The petition was therefore not maintainable. en-us Wed, 21 Nov 2001 00:00:00 +0530 Wed, 14 Mar 2012 16:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106543 A winding-up petition based on a decree debt was held time-barred where the underlying supply claim arose in 1992, suit proceedings ended in a 1997 decree, and winding-up was invoked only in 2001. The Court ruled that a decree does not extend limitation for enforcement and cannot be used as a substitute for execution after the prescribed period has expired. It applied the residuary limitation under Article 137 of the Limitation Act, 1963, counting time from the accrual of the cause of action, or at the latest from the date of the decree. The petition was therefore not maintainable. Case-Laws Companies Law Wed, 21 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106543