https://www.taxtmi.com/caselaws?id=96653 Amounts due on calls made by directors prior to commencement of liquidation are clarified as realisable debts under the statutory provision governing realisation of company debts, so director-made calls fall within the scope of realisable claims. Separately, procedural fairness requires that respondents be given notice and an opportunity to meet a claim advanced under that provision; because the lower court proceeded on that statutory basis without affording such opportunity and without determining applicability of limitation provisions, the matter must be remitted for framing issues, receiving evidence and deciding limitation and statutory preconditions before a fresh adjudication on the substantive claim. en-us Tue, 26 Jun 1934 00:00:00 +0530 Tue, 10 Jan 2012 11:04:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96653 Amounts due on calls made by directors prior to commencement of liquidation are clarified as realisable debts under the statutory provision governing realisation of company debts, so director-made calls fall within the scope of realisable claims. Separately, procedural fairness requires that respondents be given notice and an opportunity to meet a claim advanced under that provision; because the lower court proceeded on that statutory basis without affording such opportunity and without determining applicability of limitation provisions, the matter must be remitted for framing issues, receiving evidence and deciding limitation and statutory preconditions before a fresh adjudication on the substantive claim. Case-Laws Companies Law Tue, 26 Jun 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96653