Section 296 - Power of Tribunal to make calls

Power to make calls enables tribunal to require contributories to pay debts, liabilities and winding-up costs and order payment.

After a winding-up order the Tribunal may make calls on contributories on the contributories list, to the extent of their liability, for sums necessary to satisfy the company's debts and liabilities, the costs, charges and expenses of winding up, and for adjustment of rights among contributories, and may order payment of such calls; this power may be exercised at any time after the winding-up order whether or not asset sufficiency has been ascertained.