Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>Company Liquidator Authorized to Demand Payment from Contributories During Liquidation Process; Payment Due by Specified Date</h1> The National Company Law Tribunal has granted the Company Liquidator permission to make a financial call on the contributories of a company undergoing liquidation. The order allows the Liquidator to demand a specified amount per share from each contributory. The contributories are required to pay the amount due by a specified date either directly to the Liquidator's office or into the company's special bank account. This decision follows the review of relevant documents, including the winding-up order and the list of contributories, and is officially recorded by the Tribunal's Registrar.
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