Andhra Pradesh Court June 1968 Judgments
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Abdul Karim Babu Khan and ors. Vs. Sirpur Paper Mills Ltd.
Court: Andhra Pradesh
Decided on: Jun-11-1968
Reported in: [1969]39CompCas33(AP)
Jaganmohan Reddy, C.J. 1. This is an appeal against the judgment of Satyanarayana Raju J. (as he then was) dismissing the application of the appellants made under Section 155 of the Companies Act praying, inter alia, that this honourable court:(a) direct the rectification of the register of members of the first respondent-company by re-entering the names of Abdul Karim Babu Khan, Bashiruddin Babu Khan and Sharfuddin Babu Khan as the holders of shares Nos. 103326 to 103765 in the register. (b) grant a decree for Rs. 40,000 as damages against the first respondent in favour of the petitioners and the second respondent (who was subsequently transposed as the third petitioner). (c) for costs. 2. The allegation of the petitioners is that they were the holders of 1,840 shares in the respondent-company apart from 440 shares on which they had paid the allotment and application money amounting to Rs. 25 per share. So far as the latter shares are concerned, they were called upon by the respondent...
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