Winding up petition to be dismissed if debts are barred under law of limitation

HIGH COURT OF DELHI Interactive Media & Communication Solution (P.)Ltd. versus Go Airlines Ltd. SANJIV KHANNA AND SIDDHARTH MRIDUL, JJ. Co. Appeal No. 10 of 2013 FEBRUARY  4, 2013 ORDER SanjivKhanna, J. This intra-Court appeal impugns order dated 7th December, 2012 passed by the Company Court dismissing the winding up petition under section 433(e) read with sections 434 and 439 of the Companies Act, 1956 (Act, for short) on the ground that the claim was based on the debt, recovery of which is barred under the law of limitation. 2. In the grounds of appeal, it is averred ...