https://www.taxtmi.com/caselaws?id=108539 In computing limitation for an official liquidator's recovery claim arising from a hire purchase transaction, the last payment fixed the starting point, and the claim remained within time even on the respondent's version of that date. Section 458A of the Companies Act, 1956 required exclusion of the period from commencement of winding up proceedings until the winding up order, plus one further year, for limitation purposes. The argument that the absence of a final winding up order prevented application of the provision, or that any winding up order would defeat limitation by relation back, was rejected. The recovery application was therefore not barred by limitation. en-us Fri, 04 Apr 2003 00:00:00 +0530 Mon, 02 Apr 2012 12:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108539 In computing limitation for an official liquidator's recovery claim arising from a hire purchase transaction, the last payment fixed the starting point, and the claim remained within time even on the respondent's version of that date. Section 458A of the Companies Act, 1956 required exclusion of the period from commencement of winding up proceedings until the winding up order, plus one further year, for limitation purposes. The argument that the absence of a final winding up order prevented application of the provision, or that any winding up order would defeat limitation by relation back, was rejected. The recovery application was therefore not barred by limitation. Case-Laws Companies Law Fri, 04 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108539