The Drivers Conductors Bus Service (P) Limited, Erode is a registered company under the Indian Companies Act. The said company was formed in the year 1967 with the object of operating stage carriage services in Erode town. There were four Directors when the company was incorporated. The deponent of the affidavit filed in support of the writ petition by name Mr.S.Rasool (hereinafter called as the "deponent"), was one of the Directors on its formation. One Mr.S.Ramasamy was the Managing Director. One Mr.S.R.Subramaniam was one among the four Directors. At the time of formation of the company, it had a permit to ply on the route from Erode bus stand to Bhavani bus stand in respect of the vehicle bearing Registration No.TN-57-C-9000. Sometime during the year 1990, the then Managing Director namely, Mr.S.Ramasamy resigned and on his resignation, his share was purchased by the son of the deponent as well the son of Mr.S.R.Subramaniam. The said S.R.Subramaniam was elected as Managing Director. Mr.S.R.Subramaniam died on 11.12.2000. It is the claim of the deponent that after the demise of the said S.R.Subramaniam, he became the Managing Director. The wife and son of the decease