https://www.taxtmi.com/caselaws?id=96709 Section 188 of the Indian Companies Act, 1913 was construed as permitting, in appropriate liquidation cases, payment into the bank instead of payment to the liquidator, but not as creating a fresh jurisdiction to adjudicate contractual claims against third parties outside the statutory recovery scheme. Read with Section 185 and the winding-up framework, the summary powers of the Company Court were limited to persons expressly brought within the Act, such as contributories or others covered by the recovery machinery. A mere contracting party with the liquidator could not be proceeded against by summary order in liquidation, and any such claim had to be pursued by ordinary suit. en-us Fri, 28 Feb 1936 00:00:00 +0530 Tue, 10 Jan 2012 15:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96709 Section 188 of the Indian Companies Act, 1913 was construed as permitting, in appropriate liquidation cases, payment into the bank instead of payment to the liquidator, but not as creating a fresh jurisdiction to adjudicate contractual claims against third parties outside the statutory recovery scheme. Read with Section 185 and the winding-up framework, the summary powers of the Company Court were limited to persons expressly brought within the Act, such as contributories or others covered by the recovery machinery. A mere contracting party with the liquidator could not be proceeded against by summary order in liquidation, and any such claim had to be pursued by ordinary suit. Case-Laws Companies Law Fri, 28 Feb 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96709