JUDGMENT - Tulzapukar, J.

(1) This is an appeal preferred by Messrs. Haringage Sugar Mills Ltd. (Hereinafter called "the Company" ) against the order passed by he Mr. Justice Kantawala on 22nd September 1964 in company petition No.4 of the admitting the petition and directing the advertisement to be given on and after the 13th October 1964 in the "Indian Express and "Bombay Samchar" and the Government Gazette.

(2) A few facts giving rise to this appeal maybe stated. The company was incorporated in January 1938 and its authorized capital consists of 12500 equity shares of Rs. 100 each and 25000 equity shares of Rs. 10/- each. The issued and subscribed capital of the company concise of the 7500 shares of Rs. 100/- each 25000 equity shares of Rs. 10/- each. All these shares are fully paid up. Out of this subscribes capital of the company 788, equity shares of The 100 each and 14265 equity shares to Rs. 10 each stand is the name of Narayanal Bansila who is the chairman of the Board of the Directors of he company. Naraylal Bansilal is also the karta and manager of joint Hindu family consisting of himself his sons and daughters and the shares standing intake name of Naraynalal Bansilal we

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