1935 (7) TMI 17 - HC - Companies Law

Summary

The petitioner bought shares in Lahore Electric Supply Company and sought approval for their transfer. The company declared a bonus before the transfers were registered. The petitioner claimed the bonus should be paid to him. The Small Cause Court ruled in favor of the company, stating no unreasonable delay occurred. The petitioner's revision application was dismissed by the High Court of Lahore. The court found no grounds to overturn the lower court's decision.