9911796707
TMI Blog1943 (9) TMI 7X X X X Extracts X X X X X X X X Extracts X X X X ..... e Appellant. K. Bhashyam and T.R. Srinivasan, for the Respondent. JUDGMENT Horwill, J. This is an appeal against the ex parte order of ths District Judge of Ramnad at Madura on 22nd April, 1943, read with an order dated 16th July, 1943, that the appellant and other directors of the Nagarathar National Bank, Limited, in liquidation should be examined on 5th August, 1943. A pre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uidator put in an application on 12th April, 1943, in which he expressed his opinion that a fraud had been committed by the directors and that a public examination of them should be held. On 17th April, 1943, the District Judge called for further details, which were furnished by the Official Liquidator on 22nd April, 1943. On that date, he apparently being satisfied that materials existed justifyi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as not a party to the allotment of such shares. On the contrary, in the counter which he sought to file after the Judge had already passed orders in this matter, he says in paragraph 3 : "Except in the case of Govindan Chettiar no promissory notes were accepted by the directors in lieu of cash on allotment of shares." This sentence seems to indicate that the appellant was a party to the allotm ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
