Official Liquidator’s Recovery Plea Dismissed as Time-Barred Due to 800-Day Delay: Karnataka HC

Benetton India Private Limited Vs Official Liquidator (Karnataka High Court)

The appeal before the Karnataka High Court arose from an order dated 14.03.2024 passed by the Company Judge holding that a recovery application filed by the Official Liquidator under Section 446(2)(b) of the Companies Act, 1956 was within limitation. The Official Liquidator represented a company in liquidation against which a demand notice had been issued to the appellant on 19.12.2011. Winding-up petitions were filed between 2012 and 2014, culminating in a winding-up order on 31.07.2015 a

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