1. Respondents represent a company called "The Guntur Cotton, Jute and Paper Mills Company, Ltd." The appellant Pjda Satyarazu is the wife of one of the Directors who is also the Secretary of the Company. She is stated to have a mortgage, dated 2nd January, 1918, for Rs. 1,23,354 upon the assets of the firm, Rs. 74,000 out of this sum having been paid towards interest and principal, about Rs. 90,000 remains to be paid. Three suits have been brought in the Guntur Courts which raise questions as to the validity of this mortgage and none of these suits has been finally settled. One is O.S. No. 42 of 1919, on the file of the Additional Sub-Court for accounts in which the appellants husband was charged with misfeasance in his capacity as Company director.

2. We are informed that the appeal in this suit is still pending. The other two are O.S. No. 15 of 1923, brought for a declaration that the debt is not binding on the Company, and O.S. No. 21 of 1924, the mortgagees suit for the enforcement of the terms of her mortgage. In a meeting of December the 30th, 1917, the shareholders passed a resolution terminating the office of Secretary held by the appellants husband to take effect f