1981 (8) TMI 182 - HC - Companies Law

Summary

The High Court of Madras ruled in favor of the official liquidator for the recovery of Rs. 9,901 from the respondent. The claim was not barred by limitation as per section 458A of the Companies Act, which excludes the period from the commencement of winding-up to the winding-up order, and one year after the order. The claim was found to be in time, and the court granted a decree in favor of the official liquidator.