https://www.taxtmi.com/caselaws?id=798073 Limitation for an Official Liquidator's claim under Section 446(2) is governed by Article 137. The right to apply accrues on the winding-up order, provided the underlying claim was legally enforceable when winding-up proceedings commenced. Section 458A excludes the period between commencement of winding-up proceedings and the winding-up order, as well as one year immediately following that order. The Liquidator therefore receives the three-year Article 137 period together with the additional one-year exclusion. A claim filed within four years of the winding-up order falls within limitation, defeating a preliminary limitation objection. en-us Thu, 13 Aug 2026 00:00:00 +0530 Wed, 02 Sep 2026 08:30:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798073 Limitation for an Official Liquidator's claim under Section 446(2) is governed by Article 137. The right to apply accrues on the winding-up order, provided the underlying claim was legally enforceable when winding-up proceedings commenced. Section 458A excludes the period between commencement of winding-up proceedings and the winding-up order, as well as one year immediately following that order. The Liquidator therefore receives the three-year Article 137 period together with the additional one-year exclusion. A claim filed within four years of the winding-up order falls within limitation, defeating a preliminary limitation objection. Case-Laws Companies Law Thu, 13 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798073