JUDGMENT - Nain, J.

1. This is a petition by three of the shareholders of the British Burma Petroleum Co. Ltd. (hereinafter referred to as "the company") for winding up the company. There three shareholders hold between them input 148 shares of the company of the face value of about Rs. 300. They are however supported by 210 other shareholders who hold shares of the value of over one lakh of rupees. The petition is opposed by the company and 1,682 shareholders holding shares of the value of about 30 lakhs of rupees. The petition has come up before me for admission, but has been argued in great detail and as if it were fixed for final hearing.

2. Most of the facts relevant to this petition are not in controversy and may be briefly stated. The company was incorporated in England on 31st August, 1910. It has a place of business and its head office in Bombay. Its authorised capital is 200 lakhs shares of the nominal value of 1 s. 6 d. each. Its issued and paid up capital is 37,50,000 shares, and 95 per cent. of its shareholders are in India.

3. The main and dominant object for which the company appears to have been started is set out in clause 3(1) of its memorandum and is prospecting

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