SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

1958 Supreme(Ker) 215

K.T.KOSHI, C.A.VAIDIALINGAM
Star Tile Works Ltd. – Appellant
Versus
N. Govindan – Respondent


Advocates:
K.P. Abraham and E.M. Jacob, for Appellants; V.K. Krishna Menon, C.S. Padmanabha Iyer, V.V. Rama Iyer and P. Sreedhara Menon, for Respondents 1 to 5.

Judgement

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,






























































































































































































Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top