Supreme Court · 1970 INSC 29 · Decided 20 February 1970
The Alote Estate & ANR. v. R. B. Seth Hiralal Kalyanmal & Ors
- Court
- Supreme Court of India
- Citation
- 1970 INSC 29 · [1970] 3 S.C.R. 740
- Case number
- CIVIL APPEAL No. 1010/1966
- Decided
- 20 February 1970
- Bench
- J.C. SHAH, K.S. HEGDE, A.N. GROVER (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution
Headnote
Company-Shares in Conipany-Allotment in consideration of al/ottee .transferring land to Co1npany--Jf in winding up proceedings enquiry can be 1nade into value of land ll'ithout rectification of Company's registration. The Appellants were allotted 18,000 fully paid up shares in a company in con1- pany for cultivation o'f sugar-cane. After a petition was filed for \\'inding up the company, two joint Liquidators were appointed and they took steps to settle the list of contributories. While these proceedings were pending an application was filed by Respondent No. 1 praying that an
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