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M/S. Prabhudas Gurmukhsingh & Sons vs M/S.G.V. Films on 30 June, 2011 cites

P.V. Damodara Reddi And Anr. vs Indian National Agencies, Limited on 16 January, 1945

15. The learned counsel for the plaintiff Mr.G. Govindarajan would contend that the plaintiff bona fide believed that G.Venkateswaran represented both 1st and 2nd defendants in getting the loan from him and in this context the plaintiff need not be expected to probe into all internal affairs of the companies and hence the "doctrine of indoor management" would come to his rescue. To put it in a nutshell, the doctrine of indoor management is that a lender need not investigate whether the articles of the company have conferred power upon its official to borrow and he need not inquire into the internal proceedings. This principle emerged in an English Case in Royal British Bank v. Turquand, which has been referred in an earlier judgment of this Court in 1945 INDLAW MAD 21 [P.V. Damodara Reddi and another v. Indian National Agencies]. The operative portion of the judgment containing the principle is as follows:
Madras High Court Cites 5 - Cited by 9 - Full Document
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