Lien on shares

Sanjay Suresh (articled assistant) (1 Points)

25 February 2017  

Company-A is a waste disposal company. Company-B hired company-A to dispose their waste. Company-B have also invested in the shares of Company-A. Company-A agreed to dispose the waste and completed the task. Company-B incurred huge losses and liquidated. All the secured creditors and debentureholders' claims were settled and there was no cash or property left to pay the fees to Company-A(for the job of waste disposal). Can company-A have a lien on the shares invested by company-B in them?