Jhajharia Bros. Ltd. vs Sholapoor Spinning And Weaving Co. Ltd. on 25 June, 1940
Till such time that a large percentage of Indian corporate entities had their
registered offices within the territorial limits of the original jurisdiction of this
Court, derivative actions aplenty have been carried to this Court. Glimpses as to
the substance and form of the action are evident from the judgments reported at
AIR 1941 Cal 174 (Jhajharia Bros v. Sholapoor Spinning & Weaving Co. Ltd) and
AIR 1950 Federal Court 133 (Satya Charan Law v. Rameshwar Prosad Bajoria).
The second case also originated in this Court.