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Judgment Search Results Home > Cases Phrase: debentures companies act Sorted by: recent Court: allahabad Year: 1943 Page 1 of about 1 results (0.019 seconds)

Sep 07 1943 (PC)

Firm Kishore Chand Shiva Charan Lal Through Raghunath Prasad Tandon an ...

Court : Allahabad

Decided on : Sep-07-1943

Reported in : AIR1944All66

..... are outstanding. these rights and liabilities can only be a matter of one or more separate and independent enquiry. the provisions of the companies act (7 of 1913) point to an appropriate and simple procedure ..... government also decided by an order, dated 9th july 1934, that the plaintiffs were entitled to set off the sale price of the undertaking from the value of the debentures of the company held by them. during the time when the arbitration proceedings were held and the award was made injunctions were out against the plaintiffs and the defendants issued by courts ..... finances on 17th november 1932 it arranged a loan of two lacs from the plaintiffs which is a joint hindu family firm owned by three brothers. under this arrangement the company issued debentures of rupees two lacs secured by a trust deed with two trustees, one of whom was one of the plaintiffs, which were underwritten and later on purchased by the ..... government to order the compulsory sale of the undertaking under section 5 of the act.32. the plaintiffs have since 15th may 1934, been exclusively working the undertaking of the company. the company has claims against them as agents and mortgagees; the plaintiffs have claims against the company for their debentures and for their loans. it is also possible that claims of some strangers also .....

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