1995 (4) TMI 219

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..... ppellant. Virag Tulzapurkar and Nihar Modi for the Respondent. ORDER 1. This application is by the Custodian that this Court fix a last date by which Applications for certification of shares can be accepted by the respondents. 2. A few facts need to be stated. After the Court was established, the respondents filed Miscellaneous Petition Nos. 1 of 1992,2 of 1992 and 3 of 1992 .....

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..... e suggests that if the Custodian is satisfied then he can send that party to the concerned stock exchange for certification. This is not acceptable to Court. Limitation period is fast approaching. By the time a person approaches the Custodian, gets his approval and then goes for certification, his claim to the shares may be time-barred. This is obviated if the party directly comes to Court. The Co .....

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