https://www.taxtmi.com/caselaws?id=111344 A company application for recovery under section 446(2)(b) of the Companies Act, 1956 had to be tested against the relevant Limitation Act article for a promissory note claim, with the exclusion period under section 458A added. The court held that, even after excluding the winding-up period and one year thereafter, the application filed on 30-10-2000 was still well beyond limitation. The alleged acknowledgment did not extend time because it was outside the limitation period and was not proved in accordance with law. The application was therefore barred by time. en-us Tue, 31 Oct 2006 00:00:00 +0530 Mon, 23 Apr 2012 11:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111344 A company application for recovery under section 446(2)(b) of the Companies Act, 1956 had to be tested against the relevant Limitation Act article for a promissory note claim, with the exclusion period under section 458A added. The court held that, even after excluding the winding-up period and one year thereafter, the application filed on 30-10-2000 was still well beyond limitation. The alleged acknowledgment did not extend time because it was outside the limitation period and was not proved in accordance with law. The application was therefore barred by time. Case-Laws Companies Law Tue, 31 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111344