1959 Supreme(AP) 189
M.SESHACHALAPATI, MANOHAR PERSHAD
Sri Raja Kakarlapudi Venkata Sudarsana Sundara Narasayyamma Garu – Appellant
Versus
Andhra Bank Ltd. , Vijayawada – Respondent
( 1 ) THIS is an appeal against the judgment and decree of the learned 1st Additional Subordinate Judge, Vijayawada, in O. S. No. 86 of 1949. The suit was brought by one Sree Raja Kakarlapudi Venkata Sudarsana Sundara Narasayamma Garu, for a declaration that the sale of 9,100 B-Class shares of the Andhra Cement Company Ltd. , Vijayawada (3rd defendant) by the Andhra Bank Ltd. , Vijayawada (1st defendant) to the Jaipur Sugar Company Ltd. , Rayagaddah (2nd defendant), is contrary to law, void and did not affect her right to redeem the pledge effected by her husband in favour of the 1st defendant-Bank and for an injunction restraining the 3rd defendant from recognising and registering the shares in the name of the 2nd defendant. The case of the plaintiff is that to secure the due payment of certain advances made by the 1st defendant-Bank to her husband amounting to Rs. 45,000 he pledged 9,100 B-Class shares bearing Nos. 143762 to 152s61 of the 3rd defendant Company, that her husband died on 20-4-1948 at Madras and that she was his widow and nearest heir, that in spite of her intimation that she was making arrangements to pay the amounts due to the 1st defendant Bank and redeem the ple
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