https://www.taxtmi.com/caselaws?id=276281 The Court overruled the Company's objections, deeming the petition maintainable by Shahi Exports Pvt. Ltd. The debt was found not barred by limitation, with acknowledgments and proposals made within the time frame. The amount labeled as "share application money" was considered a debt until shares are allotted. Interim reliefs were granted, restraining the Company and Mrs. Sunita Narula from disposing of specified properties. The petitioners were awarded costs and the matter was scheduled for further hearing. en-us Wed, 10 Jul 2013 00:00:00 +0530 Tue, 18 Jul 2023 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276281 The Court overruled the Company's objections, deeming the petition maintainable by Shahi Exports Pvt. Ltd. The debt was found not barred by limitation, with acknowledgments and proposals made within the time frame. The amount labeled as "share application money" was considered a debt until shares are allotted. Interim reliefs were granted, restraining the Company and Mrs. Sunita Narula from disposing of specified properties. The petitioners were awarded costs and the matter was scheduled for further hearing. Case-Laws Companies Law Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276281