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    <title>1956 (1) TMI 7 - HIGH COURT OF MADRAS</title>
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    <description>Whether liquidators appointed after filing a second appeal can be substituted as legal representatives was assessed by reference to the Companies Act statutory right of liquidators against contributories; the court held that this right arises on liquidation and is an independent, enforceable statutory remedy (subject to a six-year limitation once contributories are called and listed). Because the remedy is statutory and unbarred, there is no surviving cause of action to continue the second appeal through substitution, and the appeal abates and is dismissed in favour of the respondent.</description>
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    <pubDate>Thu, 12 Jan 1956 00:00:00 +0530</pubDate>
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      <title>1956 (1) TMI 7 - HIGH COURT OF MADRAS</title>
      <link>https://www.taxtmi.com/caselaws?id=97366</link>
      <description>Whether liquidators appointed after filing a second appeal can be substituted as legal representatives was assessed by reference to the Companies Act statutory right of liquidators against contributories; the court held that this right arises on liquidation and is an independent, enforceable statutory remedy (subject to a six-year limitation once contributories are called and listed). Because the remedy is statutory and unbarred, there is no surviving cause of action to continue the second appeal through substitution, and the appeal abates and is dismissed in favour of the respondent.</description>
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      <pubDate>Thu, 12 Jan 1956 00:00:00 +0530</pubDate>
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