Liability of past members continues for a fixed period after cessation, covering debts existing at the time of leaving. Past members of a registered society remain liable for the society's debts as they existed at the time of cessation; that continuing liability endures for a fixed period measured from the date of cessation.
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.
Liability of past members continues for a fixed period after cessation, covering debts existing at the time of leaving.
Past members of a registered society remain liable for the society's debts as they existed at the time of cessation; that continuing liability endures for a fixed period measured from the date of cessation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.