https://www.taxtmi.com/caselaws?id=284686 An application by the Official Liquidator to cancel a lease deed and recover possession was held to be governed by the Limitation Act, subject only to exclusion of time under Section 458A of the Companies Act, 1956. Although the lease fell within Section 531-A of the Companies Act, it was not a nullity in absolute terms and had to be avoided through proper legal proceedings. Even after applying the full statutory exclusion, the application was found to be time-barred. The Liquidator's receipt of rent was also inconsistent with the contention that the lease was wholly void. en-us Tue, 21 Jul 2015 00:00:00 +0530 Wed, 04 Dec 2019 10:17:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284686 An application by the Official Liquidator to cancel a lease deed and recover possession was held to be governed by the Limitation Act, subject only to exclusion of time under Section 458A of the Companies Act, 1956. Although the lease fell within Section 531-A of the Companies Act, it was not a nullity in absolute terms and had to be avoided through proper legal proceedings. Even after applying the full statutory exclusion, the application was found to be time-barred. The Liquidator's receipt of rent was also inconsistent with the contention that the lease was wholly void. Case-Laws Companies Law Tue, 21 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284686