https://www.taxtmi.com/caselaws?id=98380 The court ruled in favor of the members' voluntary liquidator, directing the respondents to pay the principal amounts due on second and final calls over shares held in a company in liquidation. The court established the liquidator's entitlement to claim interest at 4% per annum from the court's order date till realization, rejecting the claim for interest dating back to October 30, 1956. The involvement of a third-party mortgagee was addressed by allowing the liquidator to deposit collected funds for the mortgagee's benefit, aligning with the mortgage suit's terms. en-us Fri, 20 Jan 1967 00:00:00 +0530 Fri, 20 Jan 2012 13:19:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98380 The court ruled in favor of the members' voluntary liquidator, directing the respondents to pay the principal amounts due on second and final calls over shares held in a company in liquidation. The court established the liquidator's entitlement to claim interest at 4% per annum from the court's order date till realization, rejecting the claim for interest dating back to October 30, 1956. The involvement of a third-party mortgagee was addressed by allowing the liquidator to deposit collected funds for the mortgagee's benefit, aligning with the mortgage suit's terms. Case-Laws Companies Law Fri, 20 Jan 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98380