1951 (1) TMI 22 - HC - Companies Law

Summary

The High Court of Madras ruled that the Assistant Custodian of Evacuee Property in Madras had no jurisdiction to declare a public limited company in Calcutta as evacuee property. The Custodian's order confirming this decision was also deemed incorrect, as properties belonging to a company registered in Calcutta could not be taken over in Madras. The Custodian's order to refund non-evacuee shareholders and prohibit them from conducting business in the district was considered unauthorized, leading to the quashing of the order. No costs were awarded.