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<h1>Liquidator lacks property rights; Rule discharged on proceeds distribution. Opponent awarded costs & hearing fee.</h1> The High Court of Calcutta discharged the Rule on the distribution of proceeds in Court, holding that a company's liquidator does not possess vested ... - The High Court of Calcutta discharged the Rule regarding the distribution of proceeds in Court, stating that the liquidator of a company does not have vested property rights. The opposite party was awarded costs and a hearing fee of one gold mohur. (Case citation: 1915 (8) TMI 2 - High Court of Calcutta)