Sri P S Arul Ramalingam v. the Official Liquidator
Case brief
What is this about?
The High Court of Karnataka, in this company application, condoned a delay of 1693 days for preferring a claim in liquidation. The applicant sought condonation of delay under Section 5 of the Limitation Act and Section 177 of the Companies (Court) Rules, 1959.
What did the court decide?
Condoned the delay of 1693 days in preferring claim Form No. 67 and directed the Official Liquidator to adjudicate the claim.