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1961 Supreme(Mad) 148

S.RAMACHANDRA.IYER, RAMAKRISHNAN
N. P. S. N. Ramiah Nadar – Appellant
Versus
N. K. R. K. Amirtharaj – Respondent


Advocates:
V. Thyagarajan and M.A. Rajagopalan, for Appellant.
S. Swaminathan, for Respondent.

Ramachandra Iyer, O.C.J.-

This is an appeal from the Order of Ramaswami, J. in O.P. No. 272 of 1952 directing the Government of India to obtain one or more competent persons and inspectors to investigate into the affairs of the Nadar Press Ltd., Sivakasi and to report thereon for further action to be taken under section 242 of the Companies Act of 1956, if it appears to the Central Government that such action should be taken thereunder. The substantive application, namely, O.P. No. 272 of 1952, was filed under section 153-C of the Indian Companies Act, 1913, for obtaining an order appointing an Administrator or Receiver to take charge of the business, properties and assets of the Company, for terminating the services of the Managing Director and other Directors, who were in charge of the affairs of the Company and for certain other reliefs on the footing that there was mismanagement of the Company by the Board of Directors and that the affairs of the Company were conducted in a manner detrimental to the interests of the Company and its share-holders.

During the course of hearing of the petition the learned Judge tentatively came to the conclusion that the materials on record make ou










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