https://www.taxtmi.com/caselaws?id=97792 Dispensation from settling the list of contributories in a compulsory winding up is exceptional and is available only where it is unnecessary to make calls on or adjust contributories' rights. Even where shares are fully paid and no calls are needed, the court must still be satisfied on proper evidence as to who is entitled to receive surplus assets, and Rule 120 does not remove that evidential requirement. In a company with many shareholders and unregistered transfers, the settled list may be necessary to identify the proper recipients of distribution. The liquidator's request for dispensation was therefore refused. 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 Dispensation from settling the list of contributories in a compulsory winding up is exceptional and is available only where it is unnecessary to make calls on or adjust contributories' rights. Even where shares are fully paid and no calls are needed, the court must still be satisfied on proper evidence as to who is entitled to receive surplus assets, and Rule 120 does not remove that evidential requirement. In a company with many shareholders and unregistered transfers, the settled list may be necessary to identify the proper recipients of distribution. The liquidator's request for dispensation was therefore refused. Case-Laws Companies Law Mon, 27 Feb 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97792