https://www.taxtmi.com/caselaws?id=97043 A fully paid-up shareholder is a contributory for internal member rights, but that status alone does not entitle him to present a winding-up petition. He must plead and at least prima facie establish a real, tangible interest in the surplus likely to remain after liquidation; absent an alleged or proved surplus, he lacks sufficient locus standi because a bare shareholding interest is not enough where the company is said to be insolvent. en-us Thu, 15 Dec 1949 00:00:00 +0530 Fri, 13 Jan 2012 17:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97043 A fully paid-up shareholder is a contributory for internal member rights, but that status alone does not entitle him to present a winding-up petition. He must plead and at least prima facie establish a real, tangible interest in the surplus likely to remain after liquidation; absent an alleged or proved surplus, he lacks sufficient locus standi because a bare shareholding interest is not enough where the company is said to be insolvent. Case-Laws Companies Law Thu, 15 Dec 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97043