Chennai Court October 1954 Judgments

S.L. Ramanathan Chettiar Vs. Dinasari, Ltd.

Court: Chennai

Reported in: (1956)1MLJ328

ORDERBalakrishna Ayyar, J.1. 'Dinasari Ltd.,' now under liquidation, was started as a private limited Company in 1944. It was publishing two papers called 'Dinasari' and 'Kandipam'. Its memorandum of association permitted it, among other things, 'to carry on the business of... dealers in printing machinery, furniture, type, ink, paper etc. In an affidavit filed by the Official Liquidator and dated 29th. July, 1954, it is stated that the company was importing large quantities of news-reel and printing ink which it was using not merely for purposes of the papers it was publishing but also for sale on profit.In fact, but for the said profits the paper could not have been kept going for these years. The accounts of 'Dinasari' from the beginning would show that large quantities of news reels, etc., were being imported from foreign places and sold to local customers for profit and that the purchases and sales were part of its regular business.2. By an order made in O.P. No. 96 of 1952 the co...