https://www.taxtmi.com/caselaws?id=97911 On winding up the court held that members (present and past) incur an ex lege liability to contribute for unpaid calls, such that the official liquidator may place defaulting shareholders on the list of contributories; this liability arises under the statute irrespective of earlier contractual limitations. The court further held that that statutory liability and the liquidator's right to require contribution on winding up are not defeated by ordinary limitation rules applicable to suits for recovery of calls, so the defence of limitation was unavailable to the respondents and the liquidator's claims were allowed. en-us Tue, 06 Feb 1962 00:00:00 +0530 Wed, 18 Jan 2012 15:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97911 On winding up the court held that members (present and past) incur an ex lege liability to contribute for unpaid calls, such that the official liquidator may place defaulting shareholders on the list of contributories; this liability arises under the statute irrespective of earlier contractual limitations. The court further held that that statutory liability and the liquidator's right to require contribution on winding up are not defeated by ordinary limitation rules applicable to suits for recovery of calls, so the defence of limitation was unavailable to the respondents and the liquidator's claims were allowed. Case-Laws Companies Law Tue, 06 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97911