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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
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