Kolkata Court August 1970 Judgments
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Hind Ceramics Ltd. Vs. Company Law Board and ors.
Court: Kolkata
Decided on: Aug-04-1970
Reported in: [1972]42CompCas610(Cal)
K.L. Roy, J.1. The petitioner-company has a paid up share capital of Rs. 6,25,000 consisting of 6,250 shares of Rs. 100 each. The company is a director controlled company. Some time in 1965, M/s. Dalmia Cement (Bharat) Ltd. acquired 99.97 per cent. of the issued shares of the company and the petitioner became a 100 per cent. subsidiary of the Dalmia company. There was a consequent change in the petitioner's board ofdirectors and the following directors, as nominated by the Dalmia company, were appointed to the board of the petitioner : (1) Shri M. H. Dalmia, (2) Shri R. S. Lodha, (3) Shri P. K. Khaitan and (4) Shri A, K. Jalan. These directors are paid Rs. 100 as sitting fee for each meeting of the board attended by them and no other remuneration. It is claimed that prior to the present board of directors taking over the management, the company incurred very heavy losses as stated below :Year Amount of loss 19621.62 lakhs 19632.75 lakhs 19645.77 lakhs 19655.71 lakhs It is further claim...
Paresh Chandra Dey Vs. the Regional Transport Authority, Calcutta and ...
Court: Kolkata
Decided on: Aug-03-1970
Reported in: AIR1971Cal510
Sabyasachi Mukharji, J.1. This is an appeal from the judgment and order passed by S. C. Ghose, J., dated 7th March, 1969 in Civil Rule Case No. 5522(W) of 1968. It appears that one Sailesh Nath Bishi, since deceased, was the owner of a Taxi Cab bearing registration No. WBT-1386. The said deceased had a permit issued to him by the appropriate Transport Authority. On the 7th January, 1962 the said Sailesh Nath Bishi died leaving all movable and immovable properties in favour of one Paresh Chandra Dey including the Taxi Cab No. WBT-1386. On the 24th January, 1962 Paresh Chandra Dey applied for probate of the said Will. On the 6th of February, 1962, Paresh Chandra Dey wrote a letter to the Secretary, Regional Transport Authority, Calcutta. The said letter has been set out in the affidavit in opposition of Debdas Chakravarti, filed on behalf of the Regional Transport Authority and it appears at page 55 of the Paper Book. In the said letter after setting out the fact of the death of Sailesh ...
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