https://www.taxtmi.com/caselaws?id=97792 Court declines to dispense with formal settlement of the list of contributories where identifying proper recipients may require adjustment; dispensing is permissible only when no adjustment of contributories' rights or calls is necessary. Applications authorising distribution of surplus assets must be supported by evidence proving that persons named in the liquidator's schedule are proper recipients, and by facts updating or justifying any variations from the settled list. The liquidator must therefore follow the rules governing settlement and provide evidentiary proof (including of transfers, deaths, or register defects) before distribution is authorised. en-us Mon, 27 Feb 1961 00:00:00 +0530 Wed, 18 Jan 2012 11:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97792 Court declines to dispense with formal settlement of the list of contributories where identifying proper recipients may require adjustment; dispensing is permissible only when no adjustment of contributories' rights or calls is necessary. Applications authorising distribution of surplus assets must be supported by evidence proving that persons named in the liquidator's schedule are proper recipients, and by facts updating or justifying any variations from the settled list. The liquidator must therefore follow the rules governing settlement and provide evidentiary proof (including of transfers, deaths, or register defects) before distribution is authorised. Case-Laws Companies Law Mon, 27 Feb 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97792