Supreme Court · 1968 INSC 346 · Decided 20 December 1968
Pierce Leslie & CO. LTD. v. Violet Ouchterlony Wapshare and Others Vice Versa
- Court
- Supreme Court of India
- Citation
- 1968 INSC 346 · [1969] 3 S.C.R. 203
- Case number
- CIVIL APPEAL No. 1174/1965
- Decided
- 20 December 1968
- Bench
- S.M. SIKRI, R.S. BACHAWAT, K.S. HEGDE (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution; Companies Act; Limitation Act Section 120, 95, 144
Headnote
Trust-Conzpany acting as secretary of .another con1pany-Jf brings about -ruiuciary relationship between rhem-Secretal){ co1npany buying assets of the main c'ompany and flouting a new Company-If fraudulent transaction-Old company dissolved-Suit by shareholders of old company to if maintainable by shareholders- - Escheat-Jf properties vest in Government by escheat. . . One \V owned sevefi:i.1 tea, coffee· and other plantations. In 1927, he_ formed a limited company and conveyed his estates to the company. All the shares of the c<Jmpany were
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)