Civil Procedure Code (CPC)

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gurmeet (prop)     14 May 2018

In case of 100% holding company, do limitation apply?

If I am the director and Shareholder of the company, and further had given some loan to the company which had not been recovered within 6-7 years as 100% holding of the company is with me and with my relatives.

Will Limitation Act of 3 years for not recovering the said amount apply in my case?



 1 Replies

Aswath G   14 May 2018

Since you are a director and share holder

Limitation act (individual Loan recovery act) not applicable

Aswath

9743885678


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