https://www.taxtmi.com/caselaws?id=97453 Unpaid call money on partly paid shares, where the call was made before winding up, was treated as money payable by virtue of a call in pursuance of the Indian Companies Act, 1913, so it did not fall within the liquidator's proposed recovery under section 186 in the manner adopted. The Court also held that the right to enforce the unpaid share capital had been assigned by mortgage to the Industrial Finance Corporation of India, making the claim an actionable claim vested in the assignee. In the absence of authority showing that the liquidator could act as the assignee's agent, he had no locus standi to recover the amount independently under section 186. en-us Fri, 23 Nov 1956 00:00:00 +0530 Mon, 16 Jan 2012 17:25:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97453 Unpaid call money on partly paid shares, where the call was made before winding up, was treated as money payable by virtue of a call in pursuance of the Indian Companies Act, 1913, so it did not fall within the liquidator's proposed recovery under section 186 in the manner adopted. The Court also held that the right to enforce the unpaid share capital had been assigned by mortgage to the Industrial Finance Corporation of India, making the claim an actionable claim vested in the assignee. In the absence of authority showing that the liquidator could act as the assignee's agent, he had no locus standi to recover the amount independently under section 186. Case-Laws Companies Law Fri, 23 Nov 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97453