Supreme Court of India
Ajay G. Podar v. Official Liquidator of J.S. & W.M. and Ors.
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From the 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 winding up of company was passed by the High Court. The Official Liquidator (O.L) was appointed on that day. Misfeasance proceedings were · 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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