1301 of 1986(O&M) -7-
(i) any composition-deed; or
(ii) any instrument relating to shares in a joint Stock
Company, notwithstanding that
M/S. Jasubhai Business Services vs State Of Maharashtra on 14 December, 2011
Author: G
allowed to compound the case and they have also filed a composition deed in the High Court. In view of this, the permission to compound
position to pay to the creditors and therefore Composition Deed was
made on 3.12.1962. The petitioners with two other persons were
appointed as Trustees ... said Composition Deed. According to
respondent No. 1 - original plaintiff, the petitioners
illegally collected further sum of Rs. 1,95,000/- and the bungalow
execution of the lease deed. Even
when there was an extension of time for execution
of the lease deed, the composition charges were
being collected ... without formal execution of
the lease deed, throughout this period lease deeds
were in fact being executed. Composition charges
were collected from the allottees
repay the loans, Sh. Harcharan
Das Bhalla had executed a Deed of Composition dated
12.10.1964 relinquishing all his rights and title to the suit
property ... that
the plaintiff was one of the witnesses to the said Deed of
Composition. The defendants have further contended that
although he had relinquished
Singh (supra); Hon'ble Supreme Court held that 'the
composite deed in this case was a transaction between the
members of the same
single Licence Deed for the
shop and the quadrangle vide Licence Deed dated 25.11.1985
and execution of such a Licence Deed in favour ... quadrangle was always
treated as an integral part of the composite licence deed for
the shop and the quadrangle. It is also the case
completed by August, 2010 but then certain
questions emerged regarding payment of composition fee by
the defendants and the plaintiff had to make strenuous
efforts ... composition fee of about
Rs.15 Lacs by the defendants could be avoided and there
was delay in furnishing documents such as Deed of
Disclaimer
contention that the Collector cannot insist for a composite
sale or composite conveyance-deed is concerned, the said contention,
in our view is misconceived
