https://www.taxtmi.com/caselaws?id=194578 In company petitions under Sections 241 and 242 of the Companies Act, 2013, the Limitation Act applies through Section 433. Where no specific article governs the relief claimed, residuary Article 113 applies, so the petition must be filed within three years from accrual of the right to sue. A valid acknowledgment in writing under Section 18 is required to extend limitation; the emails relied on were stated not to satisfy that requirement. The text also states that petitioners must show locus standi, typically as directors or shareholders, and absence of such status is fatal to maintainability. On the facts described, the petition was treated as barred by limitation and not maintainable. en-us Thu, 06 Oct 2016 00:00:00 +0530 Fri, 05 Apr 2019 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194578 In company petitions under Sections 241 and 242 of the Companies Act, 2013, the Limitation Act applies through Section 433. Where no specific article governs the relief claimed, residuary Article 113 applies, so the petition must be filed within three years from accrual of the right to sue. A valid acknowledgment in writing under Section 18 is required to extend limitation; the emails relied on were stated not to satisfy that requirement. The text also states that petitioners must show locus standi, typically as directors or shareholders, and absence of such status is fatal to maintainability. On the facts described, the petition was treated as barred by limitation and not maintainable. Case-Laws Companies Law Thu, 06 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194578