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1956 Supreme(SC) 5

N.CHANDRASHEKAR AIYAR, SYED JAFAR IMAM, VIVIAN BOSE
Jai Narain Ram Lundia – Appellant
Versus
Kedar Nath Khetan – Respondent


Advocates:
C.K.DAFTARY, C.P.LAL, GANPAT RAI, K.B.ASTHANA, S.K.KAPOOR, Veda Vyasa

Judgement

BOSE, J. : This appeal arises out of certain execution proceedings. The decree which the appellant, Jainarain Ram Lundia, seeks to execute is one that directs specific performance of a contract to sell certain shares in a private limited company known as the Ganga Devi Sugar Mills, together with a five annas share in a partnership firm called the Marwari Brothers, on payment of a sum of Rs. 2,45,000.

2. The fact are as follows. The partnership firm, known as the Marwari Brothers, was formed on 29-2-1936. The partners consisted of two groups called the Bettia Group and the Padrauna Group. The Padrauna Group consisted of (1) Kedarnath Khetan and (2) a firm called Surajmal.

These two were the plaintiffs in the suit. Kedarnath was one of the partners of the Surajmal firm. The Bettia Group consisted of (1) Gobardhan Das (2) Jainarain Ram Lundia (3) Badri Prasad and (4) Bisheshwar Nath. On Bisheshwar Nath s death his son Madan Lal Jhunjhunwalls stepped into his shoes. These persons were the defendants.

3. The Marwari Brothers Firm was formed for the purpose of promoting a company for starting a sugar mill in Champaran and for securing the managing agency of the company for itself f























































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