KARNATAKA STEEL AND WIRE PRODUCTS LIMITED IN LIQUIDATION Vs. KOHINOOR ROLLING SHUTTERS AND ENGINEERING WORKS PRIVATE LIMITED

JUDGEMENT

(1.) AS TO WHAT WOULD BE THE PERIOD OF LIMITATION WITHIN WHICH A CLAIM UNDER SECTION 446(2)(B) OF THE COMPANIES ACT, 1956, COULD BE PREFERRED HAVING REGARD TO THE PROVISION IN SECTION 458-A OF THAT ACT, THERE ARE CONFLICTING VIEWS EXPRESSED BY SEVERAL HIGH COURTS IN THE COUNTRY, AS COULD BE SEEN FROM THE DECISIONS IN THE FOLLOWING REPORTS: 1.1988(63) COMPANY CASES 749;

(2.) 1985(57) COMPANY CASES 742;

(3.) 1981(2) KARLJ 144;