K.T.KOSHI, C.A.VAIDIALINGAM
Star Tile Works Ltd. – Appellant
Versus
N. Govindan – Respondent
VAIDIALINGAM, J. :- Defendants 1, 2, 4, 6 and 7 are the appellants before us. The dispute relates to the proceedings of the annual general meeting of the first defendant company held on 22-7-1957.
2. The plaintiffs case is briefly as follows : plaintiffs are the share-holders of the first defendant company. The share capital of the first defendant company was Rs. 1,20,000 divided into 8000 shares of Rs. 15 each. The shares were all fully paid up. The main business of the company was manufacture and sale of different kinds of tiles.
The defendants 2 to 7 are also some of the share-holders of the first defendant company and defendants 2 to 5 are also stated to be the directors of whom defendants 2 and 3 claim to be the managing directors. Defendants 4 and 5 are stated to have been co-opted as directors by the Board of Directors in 1956 and their term would expire on the date of the next annual general meeting.
3. One Naracasseri Krishnan owned 4536 shares in the first defendant company. The said Krishnan died on 2-1-1951 leaving a will giving his properties including the shares in the company to his two daughters who were then minors. The 2nd defendant and one Sumithra Animal,
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