Facts. - One Chunilal Jamnadas and his five sons, Vadilal, Jesangbhai, Dahyabhai, Ranchhodlal and Achratlal, were members of a joint and undivided Hindu family. The family had descended from one Govardhandas. Govardhandas had two sons Maniklal and Laldas. Laldas died without leaving any issue surviving. Maniklal had two sons Jamnadas and Bolakhi. Bolakhi also died without leaving any issue surviving. The joint family owned considerable moveable and immoveable properties of the aggregate value of over Rs.6,00,000. The title deeds in respect of some of these immoveable properties were in the name of Laldas Govardhandas as also in the name of Bolakhi Maniklal. Chunilal Jamnadas was at all relevant times the father and the manager of the joint Hindu family consisting of himself and his five sons. An ancestral business in money-lending and jewellery was carried on in the name of Manilal Govardhandas. The family had also floated a limted company in the name of the Hindustan Oil Mills Company, Ltd., of which Chunilal Jamnadas and Co. were the managing agents, the joint family owning a ten annas share and an outside partner owning a six annas share in that managing agency firm.

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