Indian Bank vs Deepak Fertilisers & Petrochemicals ... on 10 March, 1999
In this respect, the Appellant has placed reliance on the Judgment
of this Court in the case of Indian Bank Vs. Deepak Fertilizers and
Petrochemicals Corporation Limited, (1999) 35 CLA 389 , to submit that,
"the de jure shareholder alone is entitled to dividend in his name and de
facto shareholders are not entitled to the same" . In my considered
opinion, here there is a real dispute between the parties as to who is in
possession of the original shares and who is the de jure shareholder and
that is why the 'Interpleader Suit' is filed.