Call on contributories required to meet winding-up liabilities - liquidator seeks leave to make per-share call. Affidavit by the company liquidator supporting an application for leave to make a call on contributories during winding up: Tribunal ordered winding up and a list of contributories was settled. The affidavit states proved debts and estimated winding up costs in a schedule, sums realised and assets remaining to be collected, and asserts that these will be insufficient. The liquidator specifies the additional sum required and explains that, to raise it, a per share call must be made on the settled contributories given the likelihood of some non payment.
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.
Call on contributories required to meet winding-up liabilities - liquidator seeks leave to make per-share call.
Affidavit by the company liquidator supporting an application for leave to make a call on contributories during winding up: Tribunal ordered winding up and a list of contributories was settled. The affidavit states proved debts and estimated winding up costs in a schedule, sums realised and assets remaining to be collected, and asserts that these will be insufficient. The liquidator specifies the additional sum required and explains that, to raise it, a per share call must be made on the settled contributories given the likelihood of some non payment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
