https://www.taxtmi.com/caselaws?id=126878 A limitation defence was considered in light of proceedings before the Board for Industrial and Financial Reconstruction, with the period under such protection excluded from computation; on the material noted, only part of the creditor's claim was time-barred and the balance remained live. The company's failure to produce records, together with its admission of occupation of premises and related facilities, was treated as relevant to just and equitable winding up and prima facie inability to pay the admitted sum. The larger disputed monetary claim was left for separate adjudication in a suit, while the admitted liability supported admission of the winding-up petition. en-us Mon, 04 Oct 2010 00:00:00 +0530 Tue, 23 Sep 2014 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126878 A limitation defence was considered in light of proceedings before the Board for Industrial and Financial Reconstruction, with the period under such protection excluded from computation; on the material noted, only part of the creditor's claim was time-barred and the balance remained live. The company's failure to produce records, together with its admission of occupation of premises and related facilities, was treated as relevant to just and equitable winding up and prima facie inability to pay the admitted sum. The larger disputed monetary claim was left for separate adjudication in a suit, while the admitted liability supported admission of the winding-up petition. Case-Laws Companies Law Mon, 04 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126878