Liquidation of Weak Ltd. commenced on 2nd April, 2015. However, certain creditors failed to receive their dues out of realisation of assets and contribution from 'A' list contributories. Details of transfer of shares bet

A has ceased to be member for more than a year ago, hence he is not liable (the date of cease to be a member was 01.03.2014 and liquidation date of Weak Ltd. is 02.04.2015). Division of liability Shareholders No. of shares transferred Maximum liability ₹2 per share 1/5/14 1/10/14 1/11/14 1/2/15 Total B 3,000 6,000 3,000 3,000 C 2,000 4,000 2,000 1,111 3,111 D 1,000 2,000 1,000 556 375 1,931 E 600 1,200 600 333 225 42 1,200 Total 13,200 6,600 2,000 600 42 9,242 Working Notes: 1. Ratio of Liability Date Cumulative liability Increase in liabilities Ratio of No. of shares B:C:D 1/5/14 6,600 6,600 30:20:10:6 1/10/14 8,600 2,000 20:10:6 1/11/14 9,200 600 10:6 1/2/15 12,000 2,800 Only E 2. Liability of E has been restricted to ₹1,200, maximum amount payable by him. Hence amount payable by him on 1-2-14 is restricted to ₹42.