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Ankit Saha (CEO)     24 October 2014

Winding up petetion

 

Is there any statute of limitation for filing petetion for WINDING UP A COMPANY? The company issued a cheque which bounced. 138 proceedings are underway.

reagrds

Ankit



Learning

 2 Replies

V M DAHAKE (PROPRIETOR)     24 October 2014

Dear Sir,

 Normal, Limitation Act will have applicability. Period would be 3 years in case of debt.

If debt is time barred( Legally not enforceable) , no winding up petition can be filed.

1 Like

Ankit Saha (CEO)     25 October 2014

Thanks a lot for the clarification

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