https://www.taxtmi.com/caselaws?id=458855 Delhi HC dismissed Official Liquidator's application for recovery under Section 446 of Companies Act, 1956 as time-barred. Court held that Section 458A provides overriding effect over Limitation Act, with limitation period commencing from winding up order date excluding one year. Payment was made on 10.04.2008, initial limitation period expired 10.04.2011 before winding up order dated 03.06.2011. Post-winding up limitation period expired 03.06.2015, but application was filed only on 26.10.2017, making it clearly time-barred under Section 458A. en-us Fri, 15 Dec 2023 00:00:00 +0530 Tue, 19 Nov 2024 12:48:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458855 Delhi HC dismissed Official Liquidator's application for recovery under Section 446 of Companies Act, 1956 as time-barred. Court held that Section 458A provides overriding effect over Limitation Act, with limitation period commencing from winding up order date excluding one year. Payment was made on 10.04.2008, initial limitation period expired 10.04.2011 before winding up order dated 03.06.2011. Post-winding up limitation period expired 03.06.2015, but application was filed only on 26.10.2017, making it clearly time-barred under Section 458A. Case-Laws Companies Law Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458855