1973 (8) TMI 90

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....pondent. JUDGMENT R.S. Narula, J.-In this claim petition by Hind Chit Fund (Private) Ltd. (in liquidation), for the recovery of Rs. 802 as the balance due on the promissory note, exhibit P-6, the only defence, pressed by Mr. Harbans Lal, learned counsel for the respondents, is of limitation. Though in paragraph 6 of the petition it has been stated that the cause of action arose in favour of ....

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..... To the said period of three years the petitioner is entitled to add 300 days spent in the process of winding up from January 8, 1971 (the date of presentation of the petition for winding up), to November 5, 1971 (the date on which the winding up order was passed), and another one year under section 458A of the Companies Act, 1956. This entitles the petitioner to exclude from the normal period of....