Supreme Court · 1963 INSC 51 · Decided 5 March 1963
Oriental Bank of Commerce LTD. v. Shri Harcharan Das Loomba
- Court
- Supreme Court of India
- Citation
- 1963 INSC 51 · [1964] 2 S.C.R. 231
- Case number
- CIVIL APPEAL No. 300/1961
- Decided
- 5 March 1963
- Bench
- P.B. GAJENDRAGADKAR, M. HIDAYATULLAH, J.C. SHAH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act
Headnote
SUPREME GOUR T REPORTS 231 ' ORIENTAL BANK OF COMMERCE LTD. v. SHRI HARCHARAN DAS LOOMBA (P. B. GAJENDRAGADKAR, M. HIDAYATULLAH and J. C. SHAH JJ.) Displaced person-Shares in bank-Statutory right given by Act to get partly paid up shares converted into fully paid-up shares-Order of Company Judge ss. 3, 19 (2), (4), (5). The appellant bank ~uffered losses due to the partition of India. Its scheme for reduction of capital was approved of by the Company Judge subject to the condition that the Bank should accept without any pay1nent surrender of ordinary shares on which part payment was
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)