Supreme Court · 2008 INSC 854 · Decided 22 July 2008
Ajay G. Podar v. Official Liquidator of J.S. & W.M. and ORS.
- Court
- Supreme Court of India
- Citation
- 2008 INSC 854 · [2008] 11 S.C.R. 145
- Case number
- CIVIL APPEAL No. 4597/2008
- Decided
- 22 July 2008
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 458A, 543, 543(1), 543(2); Limitation Act Section 2(f), 4to24
Headnote
Companies Act, 1956 - ss. 458A and 543 - Misfeasance proceedings filed by Official Liquidator - Question of limita- tion and its computation qua such proceedings - Held:s.458A · c dealing with computation of the period of limitation has to be read with s. 543(2). On 2.12.83, order of was passed by the High Court. The Official Liquidator (O.L) was appointed on that day. Misfeasance proceedings were D · filed by the O.L. under s.543(1) of the Companies Act on J 1.12.89, though the limitation period of five years referred to in s.543(2) of the said Act had expired on
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