Court : Andhra Pradesh
Decided on : Oct-04-1961
Reported in : AIR1963AP63; [1963]33CompCas1038(AP)
ORDERChandrasekhara Sastry, J.1. The plaintiff is the petitioner in this case and the question that arises for decision is one under Section 6 of the Andhra Court Fees and Suits Valuation Act, 1956. The plaintiff filed the suit to recover the amount assured under six Life Insurance Policies. The 1st defendant is the Life Insurance Corporation of India. Defendants 2 to 4 are different units of the same Corporation. The person, whose fife was assured, was the plaintiff's wife. She died on 22-3-1954. The suit was to recover a sum of Rs. 30,000/- being the total of the amounts due as per the terms of six policies issued by the defendants 2 to 4. The liability to pay was denied on behalf of the defendants on the ground that the policies were obtained by the plaintiff and his wife by suppressing vital and material facts and by mis-representation. The court-fee was paid by the plaintiff on the aggregate amount of Rs. 30,000/- claimed in the suit. The Court-fee examiner raised an objection tha...
Tag this Judgment!Court : Andhra Pradesh
Decided on : Jan-06-1961
Reported in : AIR1963AP479
Chandrasekhara Sastry, J.1. This is an appeal by one Devi Dayal Marwah against the order of our learned brother, Satyanarayana Raju, J. in O. P. 4 of 1959 directing the winding up of the Deccan Porcelain and Potteries Ltd., Saifabad, Hyderabad. The Original Petition was filed by the State of Andhra Pradesh represented by the Secretary to Government, Industries (Industrial Fund) Department, Hyderabad under Section 439 of the Indian Companies Act (I of 1956) praying that in the circumstances stated in the affidavit filed therewith the High Court may be pleased to wind up the said company by order of the Court.2. The company was incorporated under the Hyderabad Companies Act (IV of 1320 F) in the Fasli year 1352 with its registered office at Saifabad in Hyderabad. It had a nominal capital of Rs. 10 lakhs O. S. (Rs. 8,57,142-13-9 I. G.) divided into 40,000 ordinary shares of Rs. 25 O.S. each. The paid up capital was Rs. 4,47,734-12-0 O.S. (Rs. 3,83,772-10-4 I.G.). The Company was constitut...
Tag this Judgment!Court : Andhra Pradesh
Decided on : Jan-17-1961
Reported in : AIR1963AP243; [1962]32CompCas64(AP)
ORDERSatyanarayana Raju, J.1. This is a petition, under Section 439 of the Companies Act (Act 1 of 1956) by the State of Andhra Pradesh, represented by the Secretary to Government, Industries (Industrial Fund) Department, to Wind up the Hyderabad Vegetable Products Co., Limited (hereinafter referred to as 'the company').2. The petition was presented on January, 4, 1960. It was adjourned for about nine months at the request of the learned counsel for the respondent for the purpose of enabling the Company to find monies to satisfy its creditors or to compound with them, but nothing tangible having emerged during the interval, I am left With no alternative but to dispose of the petition on its merits.3. In order to appreciate the matters arising for decision, it is necessary to give a short history of the Company. The Company was incorporated as a public limited Company under the Hyderabad Companies Act (Act IV of 1320 Fasli) on the 3rd day of Shehrewar, 1348 Fasli (corresponding to 10th ...
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