https://www.taxtmi.com/caselaws?id=108873 In a winding-up claim founded on a running and continuous account, limitation was treated as governed by Article 137 of the Limitation Act read with Section 19 and the extended period under Section 458A of the Companies Act. Ledger entries, bills, payments, and the last payment within the relevant period were relied on to show a subsisting balance, and the limitation objection failed. On the merits, the account records were accepted as reliable, the underlying bills were not effectively disputed, and no material showed payment or settlement, so the balance in the running account was recoverable by the official liquidator. en-us Fri, 04 Oct 2002 00:00:00 +0530 Wed, 04 Apr 2012 13:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108873 In a winding-up claim founded on a running and continuous account, limitation was treated as governed by Article 137 of the Limitation Act read with Section 19 and the extended period under Section 458A of the Companies Act. Ledger entries, bills, payments, and the last payment within the relevant period were relied on to show a subsisting balance, and the limitation objection failed. On the merits, the account records were accepted as reliable, the underlying bills were not effectively disputed, and no material showed payment or settlement, so the balance in the running account was recoverable by the official liquidator. Case-Laws Companies Law Fri, 04 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108873