Banking Regulation Act, 1949
45E. Special provisions to make calls on
contributories
Notwithstanding that the list of the
contributories has not been settled under 237[section 467 of the Companies Act,
1956 (1 of 1956)], the High Court may, if it appears to it necessary or
expedient so to do, at any time after making a winding up order, make a call on
and order payment thereof by any contributory under sub-section (1) of
238[section 470 of the Companies Act, 1956], if such contributory has been
placed on the list of contributories by the official liquidator and has not
appeared to dispute his liability.