https://www.taxtmi.com/caselaws?id=97618 In company winding up, unpaid calls remained enforceable as a statutory liability against contributories even though the company's original claim might otherwise have been time-barred, and Article 112 of the Limitation Act did not govern the liquidator's claim under section 187. Relief under section 19 of the Displaced Persons (Debts Adjustment) Act was unavailable because the statutory period had expired and liquidation did not revive it. A contributory's call liability could be discharged by valid adjustment of fixed deposit receipts accepted by the bank, but only to the extent proved; a separate set-off also had to be clearly established on evidence. The payment order was therefore confined to the balance due after adjustment. en-us Thu, 19 Mar 1959 00:00:00 +0530 Tue, 17 Jan 2012 14:51:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97618 In company winding up, unpaid calls remained enforceable as a statutory liability against contributories even though the company's original claim might otherwise have been time-barred, and Article 112 of the Limitation Act did not govern the liquidator's claim under section 187. Relief under section 19 of the Displaced Persons (Debts Adjustment) Act was unavailable because the statutory period had expired and liquidation did not revive it. A contributory's call liability could be discharged by valid adjustment of fixed deposit receipts accepted by the bank, but only to the extent proved; a separate set-off also had to be clearly established on evidence. The payment order was therefore confined to the balance due after adjustment. Case-Laws Companies Law Thu, 19 Mar 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97618