https://www.taxtmi.com/caselaws?id=97439 Past salary was unrecoverable because it had been expressly forgone in the company's balance-sheets, the appellant admitted those entries, and the older claim was time-barred without any valid acknowledgment extending limitation. After liquidation, the company's ordinary management ceased, but liquidation did not by itself frustrate the employment contract; no implied term excused liability on that ground. The appellant was therefore entitled only to compensation based on half the present value of the future salary claim, subject to the condition that he was not guilty of misconduct causing the winding up. The claim for goodwill failed because the agreement contained no provision for payment and no liability was shown. en-us Thu, 06 Sep 1956 00:00:00 +0530 Mon, 16 Jan 2012 17:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97439 Past salary was unrecoverable because it had been expressly forgone in the company's balance-sheets, the appellant admitted those entries, and the older claim was time-barred without any valid acknowledgment extending limitation. After liquidation, the company's ordinary management ceased, but liquidation did not by itself frustrate the employment contract; no implied term excused liability on that ground. The appellant was therefore entitled only to compensation based on half the present value of the future salary claim, subject to the condition that he was not guilty of misconduct causing the winding up. The claim for goodwill failed because the agreement contained no provision for payment and no liability was shown. Case-Laws Companies Law Thu, 06 Sep 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97439