Section 125. The liability of any person to contribute to the assets of a Company under this Act in the event of

125. The liability of any person to contribute to the assets of a Company under this Act in the event of the same being wound up shall be deemed to create a debt accruing due from such person at the time when his liability commenced, but payable at the time or respective times when calls are made as hereinafter mentioned for enforcing such liability; and it shall be lawful, in the case of the insolvency of any contributory, to prove against his estate the estimated value of his liability to future calls, as well as calls already made. No claim founded on the liability of a contributory shall be cognizable by any Court of Small Causes situate Payment of costs. Submission to arbitration to be filed in Court. Meaning of "contributory." Nature of liability of contributory. Companies. [ACT VI] situate outside the towns of Calcutta, Madras and Bombay. Contributories in case of death.