KARNATAKA STEEL & WIRE PRODUCTS vs KOHINOOR ROLLING SHUTTERS &ENG.WORKS&ORS

The Supreme Court examined whether Section 458A of the Companies Act extends the limitation period for filing suits or applications once winding-up proceedings commence. The core issue is whether a claim already barred by the Limitation Act is revived upon the appointment of an official liquidator. The Court reviewed conflicting interpretations from the Karnataka, Madras, Delhi, and Kerala High Courts to determine if such statutory provisions confer a fresh cause of action.