https://www.taxtmi.com/caselaws?id=191955 In winding-up proceedings, a claim by the Official Liquidator under Section 446(2)(b) of the Companies Act, 1956 is governed by Article 137 of the Limitation Act, 1963, with the right to apply accruing on the date of the winding-up order. Section 458A excludes the period from commencement of winding up to the order and one year thereafter, but does not revive a barred or otherwise unenforceable claim. Read together, these provisions require filing within four years from the winding-up order. The commentary notes that claims filed beyond that period are time-barred and not maintainable in law. en-us Wed, 23 Dec 2015 00:00:00 +0530 Wed, 10 May 2017 18:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191955 In winding-up proceedings, a claim by the Official Liquidator under Section 446(2)(b) of the Companies Act, 1956 is governed by Article 137 of the Limitation Act, 1963, with the right to apply accruing on the date of the winding-up order. Section 458A excludes the period from commencement of winding up to the order and one year thereafter, but does not revive a barred or otherwise unenforceable claim. Read together, these provisions require filing within four years from the winding-up order. The commentary notes that claims filed beyond that period are time-barred and not maintainable in law. Case-Laws Companies Law Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191955