Supreme Court · 1970 INSC 223 · Decided 19 October 1970
Union of India v. Allied International Products LTD. & ANR.
- Court
- Supreme Court of India
- Citation
- 1970 INSC 223 · [1971] 2 S.C.R. 661
- Case number
- CIVIL APPEAL No. 1772/1970
- Decided
- 19 October 1970
- Bench
- J.C. SHAH, K.S. HEGDE, A.N. GROVER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- CPC; Companies Act Section 13, 2(39)
Headnote
Companies Act, 1956, s. 13-Stock Exchange extending tim!' fvr con­ ,\·ideration of application for enlisting of sl1ares within four weeks of closing of subscription list-Further intimation given to company withill seven weeks that application was under consideration-Approval given after of .~everal exchrmzes to whlclr appficationr made whether valid and sufficteflt­ Shareholder whetiiC'r bound hy allotment of Jlwres if st.ock exchanRe con­ venient to him does not approve application. Code of Civil Procedure. 0 41, r. 33- Hicli Corm's disCI'elion under­ Principles for
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)