https://www.taxtmi.com/caselaws?id=96603 A court-appointed liquidator is treated as the company's agent, so personal liability on a company contract cannot be inferred merely because he has not disclaimed it. The liquidator's letter and conduct showed no express undertaking to contract personally, and the description of him as liquidator pointed against personal liability. Section 267 of the Companies Act, 1929, was held to confer only a power to disclaim onerous contracts and not to create personal liability by implication. The contrast with the Bankruptcy Act confirmed that clear words would be needed to alter the liquidator's liability. The claim therefore failed. en-us Wed, 18 Jan 1933 00:00:00 +0530 Fri, 16 Feb 2018 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96603 A court-appointed liquidator is treated as the company's agent, so personal liability on a company contract cannot be inferred merely because he has not disclaimed it. The liquidator's letter and conduct showed no express undertaking to contract personally, and the description of him as liquidator pointed against personal liability. Section 267 of the Companies Act, 1929, was held to confer only a power to disclaim onerous contracts and not to create personal liability by implication. The contrast with the Bankruptcy Act confirmed that clear words would be needed to alter the liquidator's liability. The claim therefore failed. Case-Laws Companies Law Wed, 18 Jan 1933 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96603