1960 (6) TMI 16 - HC - Companies Law

Summary

The application was dismissed by the High Court of Calcutta as it was misconceived and the applicant had no locus standi. The applicant's claim to have an interest in the company was rejected due to lack of proof of share purchase and improper application for transfer sanction. The court found the application not bona fide and lacking merit, leading to its dismissal with costs.