Supreme Court · 1965 INSC 6 · Decided 14 January 1965
S. P. Jain v. Kalinga Tubes LTD.
- Court
- Supreme Court of India
- Citation
- 1965 INSC 6 · [1965] 2 S.C.R. 720
- Case number
- CIVIL APPEAL No. 734/1964
- Decided
- 14 January 1965
- Bench
- P.B. GAJENDRAGADKAR, K.N. WANCHOO, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 81, 397, 398
Headnote
Companies A.ct (A.ct 1 of 1956), :rs. 397 and 398-Scope of. In July 1954, two groups of shareholders led by P and L, who, to­ gether held an equal number of shares· of the value of Rs. 21 lakbs out of a total share capital of Rs. 25 lakbs in the respondent company (then a private share capital of the company was to be increased by Rs. 10! lakhs and shares of this value allotted to the appellant so that the total shares held by him would be equal to the holding of each of the other two groups; (ii) each of these three groups of shareholders would have an equal number of
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)