9911796707
TMI Blog1996 (2) TMI 361X X X X Extracts X X X X X X X X Extracts X X X X ..... es Ltd., 600 equity shares on 22-9-1992 for their transfer in his name from that of Shri R.B. Chunni Lal, his late father, under section 108 of the Companies Act, 1956, that the said company failed to effect the transfer despite satisfaction of all the formalities and despite the fact that there was no restraint order served on the company in the matter, that his letters have not been responded to by the company, that the company Ballarpur Industries Ltd. is guilty of contravening section 22A of the Securities Contracts (Regulation) Act and that the company has indulged in manipulation of the conditions of delivery of goods attracting the provisions of sections 2( o ) and 36A of the MRTP Act, inflicting on him unjustified costs and restrict ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... view application, Shri Malhotra has narrated the objectives of the Companies Act, and the Securities Contracts (Regulation) Act, insofar as the transfer of shares is concerned, all of which do not merit reproduc-tion here. He has prayed that he may be given the liberty to be heard and that his review application should be allowed. 5. Shri Malhotra was given a hearing by us on 4-1-1996 at which liberty was given to him to file his submissions in writing within two weeks. Shri Malhotra gave his written submissions dated 17-1-1996 on 25-1-1996. 6. During his oral arguments on 4-1-1996 and in his written submissions of date 17-1-1996 (received by the Commission on 25-1-1996), he has reiterated his contentions that Ballarpur Industries L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iled an appeal under section 111 of the Companies Act before the CLB which was also dismissed on 19-4-1993, that there exists a dispute regard-ing the title to the property of the deceased Shri R.B. Chunni Lal, that one Shri P.L. Malhotra has been disputing the title of Shri L.C. Malhotra (the review applicant) to the shares in question from September 1979 onwards, that the said Shri P.L. Malhotra has requested the respondent-company not to transfer the shares till the title is finally settled, that a suit for partition of the estate of late Shri R.B. Chunni Lal between Shri P.L. Malhotra and Shri L.C. Malhotra is pending disposal before the Delhi High Court and that the company has not been able to effect the transfer because of the proble ..... X X X X Extracts X X X X X X X X Extracts X X X X
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