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Mrs. Margaret T. Desor And Others vs Worldwide Agencies (P.) Ltd. And Others on 21 September, 1989
cites
Section 398 in The Companies Act, 1956 [Entire Act]
Section 433 in The Companies Act, 1956 [Entire Act]
Section 210 in The Companies Act, 1956 [Entire Act]
Bhaskar Stoneware Pipes Private Ltd. ... vs Rajinder Nath Bhaskar And Another on 1 June, 1988
57. Mr. Bhagat also says that although the objections regarding by non- maintainability of a composite petition have not been taken by respondent No. 2 in the reply-affidavit, such a contention is also not available to respondent No. 2, as a Division Bench of this court has already expr3esed a contrary view in Bhaskar Stoneware Pires (P.) Ltd. v. Rajinder Nath Bhaskar [1988]63 Comp Case 184 at page 205. As stated above, this judgment binds me, and such I have to hold that this contention of Mr. Menon has no force.
Life Insurance Corporation Of India vs Escorts Ltd. & Ors on 19 December, 1985
59. In the instant case, the petitioners are the wife and children of S. K. Desor. They have obtained letters of administration under section 273 of the Indian Succession Act which is conclusion. They have also obtained permission of the Reserve Bank of INdia to hold the shares which were held by S. K. Desor. Thus, in view of the judgment of the Supreme Court in Life Insurance Corporation of India v. Escorts Ltd., [1986] 59 Comp Case 548 (SC), they have perfected their title to the shares which were held by S. K. Desor, and keeping in view what has been stated in Buckley, 14th edition; Gore-Brown On Companies 1972 edition, I am of the view that it would be consistent with opinion and authority to treat such person as the petitioner as members for the purpose of maintainability of petition under sections 397 and 398 of the Act.