https://www.taxtmi.com/caselaws?id=292015 An application by a liquidator under Section 235 of the Indian Companies Act, 1913, for compensation for misfeasance was held to fall under the specific limitation article for misfeasance claims, not the residuary article. Section 235 was treated as a suit for limitation purposes, but only as a summary remedy for an existing liability; it did not create a fresh cause of action or postpone time to the winding up resolution or order. Limitation therefore ran from the date of the wrongful act, and the application was barred as time-barred. en-us Wed, 11 Jan 1922 00:00:00 +0530 Fri, 04 Dec 2020 13:22:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292015 An application by a liquidator under Section 235 of the Indian Companies Act, 1913, for compensation for misfeasance was held to fall under the specific limitation article for misfeasance claims, not the residuary article. Section 235 was treated as a suit for limitation purposes, but only as a summary remedy for an existing liability; it did not create a fresh cause of action or postpone time to the winding up resolution or order. Limitation therefore ran from the date of the wrongful act, and the application was barred as time-barred. Case-Laws Companies Law Wed, 11 Jan 1922 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292015