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Premila Devi vs The Peoples Bank Of Northern India, ... on 17 October, 1938

In my opinion, his letter cannot be taken to be a waiver of his right to object to the forfeiture of his shares. What he asked the company to do was to allow the shares to be transferred to Mr. Gopee Ballav Sen, who was willing to pay the whole of the sum outstanding upon the shares, namely, Rs. 13,500. Further, he could not waive his rights. I have already referred to Lord Romer's judgment in Premila Devi v. The Peoples Bank of Northern India, Ltd. where he states that others than the share-holders are interested in a forfeiture of shares, e.g., the creditors. He goes on to say as follows:
Bombay High Court Cites 8 - Cited by 28 - Full Document
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