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    <title>1961 (10) TMI 36 - HIGH COURT OF PUNJAB</title>
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    <description>Jurisdiction over winding-up proceedings is linked to valid recognition and registration of a displaced company under Indian law; an unchallenged Registrar&#039;s recognition supports that jurisdiction. A petition may remain maintainable despite non-prejudicial proxy irregularities, and voluntary liquidators may make calls without court sanction. Petitions initiated through authority granted by both liquidators are treated as valid. Calls made after winding up are characterised as statutory obligations rather than contractual debts, supporting a fresh call within the limitation period. The contributories list, admitted claims, call amounts required for financial needs, and disputed shareholder status require examination for procedural compliance and evidentiary support.</description>
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    <pubDate>Mon, 23 Oct 1961 00:00:00 +0530</pubDate>
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