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revealed that the appellant through Madras Aluminium Company Limited ('MALCO') lent Rs. 5 crores for the purchase of these 3 lakh shares ... lakh shares was a conduit for parking of shares. (v) In addition, MALCO lent Rs. 11.75 crores to Eldorado for acquisition of shares

Dorado and 6 lakh shares by Madras Aluminum Co. Ltd. (Malco). The learned senior counsel pointed out that it is not even alleged ... purchase the shares, as has been alleged. Shri Sundaram submitted that Malco did not finance purchase of 3 lakh shares on delivery basis purchased