https://www.taxtmi.com/caselaws?id=97911 In liquidation, liability to contribute arises under the statutory scheme governing contributories, and the decisive question is whether share money remains unpaid. The court accepted that the relevant shares were not fully paid and held that the respondents were liable for the unpaid balance, so they were placed on the list of contributories. It also held that the official liquidator's claim was not barred by limitation because the demand to make good unpaid share capital was treated as a statutory liability arising on liquidation, not an ordinary contractual claim. The limitation objection was therefore rejected, and recovery of the unpaid calls was 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 In liquidation, liability to contribute arises under the statutory scheme governing contributories, and the decisive question is whether share money remains unpaid. The court accepted that the relevant shares were not fully paid and held that the respondents were liable for the unpaid balance, so they were placed on the list of contributories. It also held that the official liquidator's claim was not barred by limitation because the demand to make good unpaid share capital was treated as a statutory liability arising on liquidation, not an ordinary contractual claim. The limitation objection was therefore rejected, and recovery of the unpaid calls was allowed. Case-Laws Companies Law Tue, 06 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97911