The Jaffna and Batticaloa Agricultural and Commercial Company, Limited vs. Julius and Creasy – clr volume 1 page 025

In the case between Messrs. Julius and Creasy (proctors for the appellants) and the Official Liquidator of THE JAFFNA AND BATTICALOA AGRICULTURAL AND COMMERCIAL COMPANY, LIMITED, the court addressed whether proctors, engaged by the Official Liquidator without the express approval of the court as required under Section 100 of the Joint Stock Companies Ordinance, were entitled to claim payment for legal costs from the company’s assets. It was held that, in the absence of the required court sanction, such proctors were not entitled to payment beyond amounts informally provided. The decision reaffirmed the statutory principle that the assets of a company in liquidation can only be charged with law agent’s costs if the proctors had been properly appointed with court approval. This interpretatio