ORDER

1. The allegations of fact contained in the plaint in Suit No. 54 of 1932, in the First Court of the Subordinate Judge, Dacca, against an order passed in which the application to this Court on which this rule was issued, was directed, are set out in the affidavit filed in this Court on behalf of the opposite parties in this rule, the plaintiffs in the suit. The plaintiffs are firms eight in number carrying on business as Dacca Co-operative Sankha Silpa Samity Ltd., (Nos. 1 to 8), the defendants in the suit being the Dacca Co operative Industrial Union Ltd., the opposite parties in this rule. It appears that the plaintiffs became the share-holders of the defendant Union in the year 1924, on subscribing shares which were fully paid up. It was stated in the plaint that there was an agreement for reduction of shares of the plaintiffs in the defendants' business and for adjustment of accounts with a view to make the plaintiffs free from liability to the defendants. The accounts were, it was alleged, not adjusted; and demand notices were issued on 13th September 1930, upon the plaintiffs for payment of arrears stated to be due from them. Objection was raised to the demand thus made