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Commentary

236 Limitation of actions

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3) | Commentary

236 Limitation of actions

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3) | Commentary

236 Limitation of actions

In a winding up by the court, time does not run against a creditor from and after the date of a winding-up order1. On the same principle, it would appear that time would not run against a creditor from the date of the commencement of a voluntary winding up, but the creditor must lodge a claim before dissolution2. The liquidator must obviously reject time-barred claims. If a creditor has no notice of the winding up until after the dissolution of the company, he has a right of action against the liquidator, if the liquidator was

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