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TMI Blog2012 (2) TMI 240X X X X Extracts X X X X X X X X Extracts X X X X ..... Act, acknowledgment of liability should be before the expiry of period of limitation. In present case, limitation starts from 1.7.2002 and ends on 30.06.2005. However, the first letter had been addressed on 22.9.2007 which itself is beyond the period of said three years. Therefore, documents of alleged acknowledgment of liability dated 25.09.07 onwards produced do not constitute an acknowledgment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ciation of the Company after registering itself before the Registrar of Companies at Bangalore. 3. It is stated in the petition that the petitioner was working as Vice President (Technical) of the Respondent-Company from 1.1.1995 to 31.5.1999 and thereafter from June 1999 to June 2001 and from July 2001 to June 2002, the petitioner worked as a part-time employee of the Respondent-Company. The te ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e reimbursed to you. 6. In the event of any travel expenses required to be undertaken for the company, the same shall be borne by the company at actuals. 7. The tenure of this agreement shall be from 16.7.2001 to end February 2002. 8. This agreement can be terminated by either party giving notice of 30 days." 4. It is contended that the petitioner has not been paid for the period fro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rakash Mady and hence having regard to the fact that the Respondent-Company has not paid the admitted debt, the Company may be wound up. 8. It is seen that the date on which the last amount falls due is by the end of June 2002. Hence the Limitation starts from 1.7.2002. According to the Indian Limitation Act, the period of limitation for claiming salary is 3 years, which ends on 30.6.2005. Secti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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