JUDGMENT - 1. On December 31, I947, the petitioner and one Shantaram then being wife and husband floated respondent No. I company as a private limited company. The petitioner was registered as a shareholder in respect of 25I ordinary shares (of respondent no. I company) being the subject- matter of this petition. The petitioner and the said Shantaram both continued to act as and were directors of respondent No. I company on July I, I955.

2. From the deed of transfer dated June 28, I955, a copy whereof is annexed as exhibit 2 to the affidavit in reply made on behalf of respondednt No. I company, it appears that the petitioner had signed the deed of transfer in respect of these 25I ordinary shares of the company. In the register of shares of respondent No. I company as on July I, I955, these shares were transferred and registered in the name of respondent No.2 From the minutes of the meeting of the directors held on July I, I955, it appears that the petitioner and the said Shantaram were both present at the said meeting and the application for transfer of the shares from the name of the petitioner to respondent No. 2 was resolved to be accepted and the shares were resolved to be tran

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