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2010 (7) TMI 278 - HC - Companies LawWinding up - Circumstances in which a company may be wound up - Held that:- A debt cannot be said to be barred by limitation upon expiry of three years in terms of Article 137 of the Limitation Act, 1963. Such decree debts are executable under section 136 of the Limitation Act, 1963. Therefore, a winding up petition on the basis of decree would be maintainable within the period of execution of decree. In view of the above, the petition for winding up is ordered to be admitted. The factum of admission be published in Indian Express, Chandigarh Edition, Dainik Bhaskar and Official Gazette of the Punjab Government.
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