https://www.taxtmi.com/caselaws?id=110492 The petitioner's claim was deemed time-barred as the court found no valid acknowledgment of debt by the respondent-company, dismissing the argument for an extended limitation period under s. 18 of the Limitation Act. Additionally, the winding-up petition was dismissed as it was not maintainable against the solvent respondent-company, and the court advised the petitioner to pursue a civil suit for debt recovery, emphasizing that winding-up petitions are inappropriate for disputed debts. en-us Fri, 30 Jul 2004 00:00:00 +0530 Tue, 11 Jun 2024 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110492 The petitioner's claim was deemed time-barred as the court found no valid acknowledgment of debt by the respondent-company, dismissing the argument for an extended limitation period under s. 18 of the Limitation Act. Additionally, the winding-up petition was dismissed as it was not maintainable against the solvent respondent-company, and the court advised the petitioner to pursue a civil suit for debt recovery, emphasizing that winding-up petitions are inappropriate for disputed debts. Case-Laws Companies Law Fri, 30 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110492