Judgement

Appeal (No. 95 of 1928) by special leave from a decree of the High Court in its appellate jurisdiction (November 13, 1924) reversing an order of the Court in its ordinary jurisdiction (November 3, 1922).

The appeal arose out of a petition by the first four respondents and two others, who between them held 32 out of the 200 shares issued by the appellant company, for an order under s. 162 of the Indian Companies Act, 1913, that the company be wound up by the Court.

The petition was heard by Kumaraswami Sastri J. and dismissed on November 3, 1922. An appeal heard by Spencer and Devadoss JJ. on November 13, 1924, was allowed and an order winding up the company was made.

Special leave to appeal to His Majesty in Council was granted on December 2, 1926.

The material facts appear from the judgment of the Judicial Committee.

1931. Feb. 20, 23. Narasimham for the appellants. Upjohn K.C. and K. J. Rustomji for respondent No, 6, the official liquidator.

The other respondents did not appear.

July 28. The judgment of their Lordships was delivered by

LORD BLANESBURGH. This is an appeal from a judgment and decree of the High Court of Judicature at Madras, dated November 13, 1924, rever