https://www.taxtmi.com/caselaws?id=97793 A call on shares was defective where the articles required a fixed time for payment and the resolution failed to specify one, and the company had not adopted any lawful basis for unequal calls between shareholders. That defect prevented enforcement against shareholders who were not bound by the resolution. However, shareholders who attended and participated in the meeting were estopped from disputing the validity of the call and remained liable on the balance. Claims for credit of payments beyond the original allotment money succeeded only where the additional advance call payment was proved; unsupported payment claims failed. en-us Fri, 07 Apr 1961 00:00:00 +0530 Wed, 18 Jan 2012 11:10:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97793 A call on shares was defective where the articles required a fixed time for payment and the resolution failed to specify one, and the company had not adopted any lawful basis for unequal calls between shareholders. That defect prevented enforcement against shareholders who were not bound by the resolution. However, shareholders who attended and participated in the meeting were estopped from disputing the validity of the call and remained liable on the balance. Claims for credit of payments beyond the original allotment money succeeded only where the additional advance call payment was proved; unsupported payment claims failed. Case-Laws Companies Law Fri, 07 Apr 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97793