https://www.taxtmi.com/caselaws?id=97350 In voluntary winding up, a liquidator may sue in a representative capacity for unpaid share money on behalf of the company, and any misdescription of the plaintiff is curable if the substance of the action is clear. Prior court sanction is not required before instituting such a suit because the power to sue is not subject to the sanction regime attached to other liquidator powers. The liability enforced is a statutory debt arising on the liquidator's call, so limitation runs from the time fixed for payment of that call. Where the winding up event occurs at the forum place, that event may form part of the cause of action and support territorial jurisdiction. en-us Mon, 08 Aug 1955 00:00:00 +0530 Mon, 16 Jan 2012 13:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97350 In voluntary winding up, a liquidator may sue in a representative capacity for unpaid share money on behalf of the company, and any misdescription of the plaintiff is curable if the substance of the action is clear. Prior court sanction is not required before instituting such a suit because the power to sue is not subject to the sanction regime attached to other liquidator powers. The liability enforced is a statutory debt arising on the liquidator's call, so limitation runs from the time fixed for payment of that call. Where the winding up event occurs at the forum place, that event may form part of the cause of action and support territorial jurisdiction. Case-Laws Companies Law Mon, 08 Aug 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97350