MALIK, V. BHARGAVA
VISHNU PRATAP – Appellant
Versus
REVATI DEVI – Respondent
( 1 ) THIS appeal has been filed by some of the opposite parties against whom an order was made by the learned Company Judge under Section 153 CO (8), Companies Act (VII of 1913 ). A preliminary objection has been raised on behalf of the applicant respondent 1 that no appeal lies.
( 2 ) WE have confined the arguments only to the preliminary objection and, it is, therefore, not necessary to go into the facts in any detail. Rani Revati Devi filed an application in this Court under Section 153 (C), Companies Act in the matter of the Vishnu Pracap Sugar Works Limited, khadda, District Deoria. She claimed that the company was a private Ltd. Co. with a capital of rs. 8,50,000/-, divided in 1,700 fully paid up shares of Rs. 500/- each, and most of the shares of the company were held by members of the Fadrauna Rai family. She alleged that she was a share-holder and managing director of the company and that opposite parties 2 to 4 supported by opposite parties 6 1o 8, and committed various acts of misfeasance, malfeasance and mismanagement and had so conducted the affairs of the company as to promote their personal ends at the cost of the company and its other shareholders. It wa
Login now and unlock free premium legal research
Login to SupremeToday AI and access free legal analysis, AI highlights, and smart tools.
Login
now!
India’s Legal research and Law Firm App, Download now!
Copyright © 2023 Vikas Info Solution Pvt Ltd. All Rights Reserved.