statute does not, in my opinion, require that an application for rateable distribution as distinct from an application for execution should be filed before ... necessary at all that any specific application asking for rateable distribution should be filed. If there are more than one application for execution pending
amount
of discount available under the chit agreement for rateable
distribution among the subscribers at each instalment of the chit ... subscriber in the discount available under the
chit agreement for rateable distribution among the subscribers at
each instalment of the chit
decree: but sec. 295 of the present Code
points to a rateable distribution of the proceeds of sale
under a decree in certain events
said agreement to meet the expenses of running the chit or for distribution among the subscribers or for both. "Dividend" is defined ... amount of discount available under the chit agreement for rateable distribution among the subscribers at each instalment of the chit". "Foreman
gains and filing them before the ITO and also to make rateable distribution among the creditors excluding the amount claimed by the ITO as well
Companies Act and that the complainant have to wait for the rateable distribution.
4. The evidence adduced consisted
appellants is that the proceedings under the Companies Act for rateable distribution which is formulated by the Single Bench of the High Court, Madras
borrowers had deposited Rs. 20 lacs and the same was being rateably and proportionately adjusted towards the accounts of the four concerns in consideration ... contention of the appellant is correct, then unequal distribution towards rateable and proportionate amount would be adjusted towards the settlement accounts of all the four
states in what way the assets of the firm should be distributed after dissolution of the firm and during the settlement of accounts ... firm to third parties and secondly in paying to each partner rateably what is due to him from the firm for advances as distinguished from
properties (earlier
the property tax was based on the rateable value of properties as
earlier prescribed) thereby increasing the quantum of tax payable ... considered
while computing Efficiency Gain/ (Loss) of the distribution licensee.
4.12 In this regard, it is pertinent to note that in a similar context, while
