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of <h1>Liquidators cannot represent company in liquidation, High Court of Madras rules. Statutory rights against contributories.</h1> <h3>Pudukkottai Ceramics Ltd. Versus Sethu Alias Ramanathan Chettiar</h3> The High Court of Madras dismissed the appeal, holding that liquidators cannot represent a company in liquidation. Liquidators' rights against ... Winding up - Liability as contributories of present and post members The High Court of Madras held that liquidators cannot be brought on record as representatives of a company in liquidation for an appeal. The rights of liquidators against contributories are statutory, not contractual. Liquidators have six years to enforce liability. The appeal was dismissed, and the liquidators could not be legal representatives, leading to the dismissal of the case. (Case citation: 1956 (1) TMI 7 - HIGH COURT OF MADRAS)
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