1934 (6) TMI 25

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....t Judge, Montgomery, in proceedings relating to the liquidation of a company named Radhe Shiam Beopar Company, Limited. The liquidators sought to place the respondents on the list of contributories on the ground that they were purchasers of certain shares. The respondents objected, stating that the shares had never been validly allotted to them. The learned District Judge has upheld this objection....

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.... admittedly made till the 17th of October, 1931, it was invalid. In support of this decision he has relied on Ramsgate Victoria Hotel Company, Limited v. Montefiore. The learned counsel for the appellants sought to distinguish this ruling on the ground that it applies only to a going concern and not to a company which has gone into liquidation. In support of this argument he has relied on In re La....