Section 410 — Limitation
Statute text
Notwithstanding anything contained in the
Limitation Act (IX of 1908), in computing the time within which a liquidator may
file a suit for the recovery of any debt due to the company, the period which elapses
between the making of the petition for liquidation and the assumption of charge by
the liquidator, or a period of one year, whichever be greater, shall be excluded.