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TMI Blog1989 (8) TMI 276X X X X Extracts X X X X X X X X Extracts X X X X ..... vision, Akola, against the non-applicants in C. R. A. No. 885 of 1989, who are the applicants in C. R. A. No. 723 of 1989 (hereinafter referred to as "the defendants"). According to the plaintiff, he was a duly elected director of the Maharashtra State Seeds Corporation Ltd., Akola (hereinafter referred to as "the corporation"), which is a public limited company registered under the provisions of the company law. The sixty-ninth meeting of the board of directors was Scheduled to be held at Akola on June 15, 1989. On June 14, 1989, he received a letter from the managing director of the corporation (defendant No. 1) intimating that he has ceased to be a director of the company with effect from November 12, 1987. The plaintiff challenged thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... imself or by any person for his benefit or on his account), or any firm in which he is a partner or any private company of which he is a director, accepts a loan, or any guarantee or security for a loan, from the company in contravention of section 295 ; " It is not in dispute that the plaintiff had taken certified seeds from the corporation. However, according to him, he had already cleared the dues on April 24, 1989, and, therefore, the notice dated June 14, 1989, given to him was illegal. The trial court held that it had jurisdiction to try the suit and consequently granted an interim injunction as prayed for. This order was challenged by way of an appeal before the Joint District Judge, Akola. The defendants also challenged that ord ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the district. (2) The Central Government may, by notification in the Official Gazette and subject to such restrictions, limitations and conditions as it thinks fit, empower any district court to exercise all or any of the jurisdiction conferred by this Act upon the court, not being the jurisdiction conferred ( a )in respect of companies generally, by sections 237, 391, 394, 395 and 397 to 407, both inclusive ;.........." In the Companies Act by Ramaiya, Notification dated May 29, 1959, is quoted, wherein several sections of the Companies Act are mentioned in respect of which power has been conferred on district courts. However, it is not in dispute that it does not include section 283 with which we are concerned. As I have obse ..... X X X X Extracts X X X X X X X X Extracts X X X X
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