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2019 Supreme(All) 838

IN THE HIGH COURT OF ALLAHABAD
SURYA PRAKASH KESARWANI, J.
Nirbhay Kapoor - Appellant
Versus
Kamero Technosys Ltd And Another - Respondent
First Appeal No. 427 of 2019
Decided on : 01-07-2019

Advocates:
Advocate Appeared:
Ashish Kumar Srivastava, Adv., Manoj Kumar Srivastava, Adv., Nimai Dass, Adv., Udai Chandani, Adv.

Headnote:

Companies Act, 2013 – Section 430, 242, 166, 151 and 152 – Civil Procedure Code, 1908 – Order VII – Rule 11 – Section 96 – Both counsel for parties jointly submit pure question of law as to maintainability of suit involved without calling for records and paper book – Whether under facts and circumstances, suit filed by plaintiff-appellant was not maintainable under Section 9 of Code,1908 being barred by provisions of Section 430 of Act, 2013 – Held, On perusal of plaint plaintiff-appellant has set up case that he and defendant-respondent and their family members were directors in six companies and arose some dispute between him and other Directors relating to conduct of affairs of Company and in that event two guests, intervened and an agreement entered on calling of meeting of Directors but defendant-respondent not complied with conditions of aforesaid minutes of the meeting – It has been mentioned in paragraphs 5 to 16 of plaint that in terms of Minutes of Meeting plaintiff-appellant and his family members resigned from Directorship but defendant-respondents sold disputed property and not complied with terms of Minutes of Meeting – Cause of action arose when some persons came to plaintiff-appellant with regard to purchase by them Plot and requested him to sign sale deed – Thereupon plaintiff-appellant contacted defendant-respondent no.2 and demanded money in terms of Minutes of Meeting which defendant-respondent no.2 refused – Question framed answered in affirmative by holding that under facts and circumstances of case suit filed by plaintiff-appellant not maintainable under Section 9 of Code as it was barred by provisions of Section 430 of Act 2013 – Appeal dismissed. (Paras: 24 to 27)

Facts of the case:

Both counsel for parties jointly submit pure question of law as to maintainability of suit involved without calling for records and paper book – Whether under facts and circumstances, suit filed by plaintiff-appellant was not maintainable under Section 9 of Code,1908 being barred by provisions of Section 430 of Act, 2013.

Finding of the court:

On perusal of plaint plaintiff-appellant has set up case that he and defendant-respondent and their family members were directors in six companies and arose some dispute between him and other Directors relating to conduct of affairs of Company and in that event two guests, intervened and an agreement entered on calling of meeting of Directors but defendant-respondent not complied with conditions of aforesaid minutes of the meeting – It has been mentioned in paragraphs 5 to 16 of plaint that in terms of Minutes of Meeting plaintiff-appellant and his family members resigned from Directorship but defendant-respondents sold disputed property and not complied with terms of Minutes of Meeting – Cause of action arose when some persons came to plaintiff-appellant with regard to purchase by them Plot and requested him to sign sale deed – Thereupon plaintiff-appellant contacted defendant-respondent no.2 and demanded money in terms of Minutes of Meeting which defendant-respondent no.2 refused – Thus, cause of action disclosed in plaint clearly indicates complaint of plaintiff-appellant with respect to property of defendant-respondent-Company and conduct of its affairs suit was clearly barred by Provisions of Section 430 of Act – Question framed answered in affirmative by holding that under facts and circumstances of case suit filed by plaintiff-appellant not maintainable under Section 9 of Code as it was barred by provisions of Section 430 of Act 2013.

Result: Appeal dismissed.

JUDGMENT :

Surya Prakash Kesarwani, J.

Heard Sri Ashish Kumar Srivastava, learned counsel for the plaintiff-appellant and Sri Udai Chandani and Sri Nimai Dass, learned counsel for the defendants-respondents.

Facts

2. Briefly stated facts of the present case are that the plaintiff-appellant was one of the Directors in the respondent no.1 Company. The defendant-respondent No.1 is a Limited Company. It purchased an immovable property being House No.19/1, B.L.K.-B, Okhla Industrial Area, Phase -2, New Delhi (hereinafter referred to as the "disputed property"). The plaintiff-appellant and the defendant-respondent No.2 and their family members were Directors in six companies, namely, M/s. Himalayan Bioxteracts Pvt. Ltd., Kamero Technosys Ltd., Virat Residency Ltd., Dynacon Cares Ltd., Dynacon Systems Ltd. and Duet Marketing Pvt. Ltd. The plaintiff-appellant and the defendant-respondent no.2 and their two guests drawn Minutes of the Meeting dated 10.2.2016, which is reproduced below :-

"MINUTES OF THE MEETING OF THE DIRECTORS OF KAMERO TECHNOSYS LIMITED HELD ALONGWITH TWO OTHER GUESTS ON 10/02/2016 AT ROOM NO. 600 OF VIJAY INTERCONTINENTAL HOTEL AT 12.30 P.M.

The Following person were present -

1.

Nirbhay Kapoor

Director Kamero Tecnosys Ltd.

2.

Pankaj Kumar Gupta

Director of Kamero Technosys Ltd.

3.

Brijesh Saxena

Guest

4.

Muqaddar Ali

Guest

This meeting was convened with a basic object of finishing the problems faced by both the directors of Kamero Technosys Limited in day to day working of Company and also to find out an amicable solution for separation of the both directors from the business done by both of them jointly. Various decisions were taken during the course of discussions held and an amicable solution was found out for separation of the both the above named directors of Kamero Technosys Limited which was acceptable to both of them. As a token of remembrance and also acceptance of the decisions taken in the meeting these are enumerated below. Both the directors are signing this document in the presence of other two guests willingly. Without any force or coercion and in token of their acceptance of the decisions taken in the meeting which they will follow in the best interest of the Organization as a whole and for the other director also. The amicable decisions reached between both the directors are enumerated below - 1. That the Company Kamero Technosys Ltd which will be taken over by Shri Pankaj Kumar Gupta will be made liability free to the extent of liabilities of shoe division which was looked after by Shri Nirbhay Kapoor. In that respect the liability of Export obligation under EPCG Scheme, the liability of pending Excise matters, recovery by DGSND on any disputed matter of excise if any, clearance of Creditors of Shoe division and the Cash Credit limit of Rs 100.00 lacs alongwith interest till date of its clearance will be paid by Shri Nirbhay Kapoor. Further, it was also agreed between both the directors that expenses of the factory at C-6 Site-1, Panki Industrial Area, Kanpur up to 31st March 2016 will be borne by both the directors equally and thereafter if the setup of shoe division remains there then the expense part will be borne by both the directors equally till the setup of shoe division is removed from C-6 Site-1, Panki Industrial Area, Kanpur. For the part of above stated expenses of Excise, DGFT dept. etc a buffer amount of money will be retained in Kamero Technosys Ltd from the part of Shri Nirbhay Kapoor.

2. That Rs 100.00 Lacs of the cash of the Company held by Shri Nirbhay Kapoor at the time of dispute in July, 2012 will be added to his account (pt. no. 7).

3. That the six common Companies will be divided in the following manner -

Pankaj Kumar Gupta

Nirbhay Kapoor

Himalayan Bioxteracts Pvt. Ltd.

Dynacon Cares Ltd.

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