https://www.taxtmi.com/caselaws?id=97679 A successor State was treated as liable for unpaid call money attached to shares formerly held by the predecessor State, because the liability travelled with the shareholder rights it continued to assert. However, the liquidator's attempt to recover the call money and interest failed in winding up proceedings since the application did not satisfy the statutory requirements for recovery of debts or for making calls, and there was no legal basis for interest. An order for rent against the State also failed because the court's power to require payment of company money or property did not extend to rent merely from departmental use of the premises. en-us Tue, 29 Sep 1959 00:00:00 +0530 Tue, 17 Jan 2012 16:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97679 A successor State was treated as liable for unpaid call money attached to shares formerly held by the predecessor State, because the liability travelled with the shareholder rights it continued to assert. However, the liquidator's attempt to recover the call money and interest failed in winding up proceedings since the application did not satisfy the statutory requirements for recovery of debts or for making calls, and there was no legal basis for interest. An order for rent against the State also failed because the court's power to require payment of company money or property did not extend to rent merely from departmental use of the premises. Case-Laws Companies Law Tue, 29 Sep 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97679