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    <title>1950 (3) TMI 17 - HIGH COURT OF BOMBAY</title>
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    <description>The statutory liability of a contributory on winding up can be enforced only through a Court-made call; the liquidator has no inherent power to make a call unless authority is conferred by rules or judicial delegation. A simple demand by the liquidator is therefore ineffective as a call. The text also distinguishes ordinary contractual debts from the separate statutory liability arising on winding up: unpaid pre-liquidation calls may be pursued as debts, but the statutory liability itself cannot be enforced by an independent suit. Where treated as a contractual claim, limitation applies and may bar recovery if time has expired.</description>
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    <pubDate>Thu, 09 Mar 1950 00:00:00 +0530</pubDate>
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      <title>1950 (3) TMI 17 - HIGH COURT OF BOMBAY</title>
      <link>https://www.taxtmi.com/caselaws?id=97055</link>
      <description>The statutory liability of a contributory on winding up can be enforced only through a Court-made call; the liquidator has no inherent power to make a call unless authority is conferred by rules or judicial delegation. A simple demand by the liquidator is therefore ineffective as a call. The text also distinguishes ordinary contractual debts from the separate statutory liability arising on winding up: unpaid pre-liquidation calls may be pursued as debts, but the statutory liability itself cannot be enforced by an independent suit. Where treated as a contractual claim, limitation applies and may bar recovery if time has expired.</description>
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      <pubDate>Thu, 09 Mar 1950 00:00:00 +0530</pubDate>
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