https://www.taxtmi.com/caselaws?id=96531 A fully paid-up shareholder in a winding-up proceeding is entitled to be heard because a winding-up order may affect the company's assets, goodwill, and capital, and the long-standing practice in such matters recognises that right; the shareholder's position is distinct from a contributory still liable for calls, but that distinction does not justify denying audience. The company, however, has no locus standi to prosecute an appeal based on a grievance belonging only to that shareholder, especially where the company did not appear before the winding-up judge and the shareholder did not appeal. The appeal was therefore incompetent in the company's hands, and the winding-up order remained undisturbed. en-us Fri, 14 Feb 1930 00:00:00 +0530 Mon, 09 Jan 2012 10:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96531 A fully paid-up shareholder in a winding-up proceeding is entitled to be heard because a winding-up order may affect the company's assets, goodwill, and capital, and the long-standing practice in such matters recognises that right; the shareholder's position is distinct from a contributory still liable for calls, but that distinction does not justify denying audience. The company, however, has no locus standi to prosecute an appeal based on a grievance belonging only to that shareholder, especially where the company did not appear before the winding-up judge and the shareholder did not appeal. The appeal was therefore incompetent in the company's hands, and the winding-up order remained undisturbed. Case-Laws Companies Law Fri, 14 Feb 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96531