2005 (6) TMI 283

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..... The appellant was the plaintiff and the respondents were the defendants in the trial court. For the sake of convenience they are referred to in this judgment as per their rank in the trial court. The plaintiff filed a suit in O.S. No. 865 of 2000 against the defendants for a permanent injunction restraining the first defendant from transferring 500 shares to any other person and for a mandat .....

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..... of the said letter, it was held that the second defendant purchased the shares from the owner whereas the plaintiff claims that he purchased the shares from the broker without any legal authenticity. The shares had been transferred in the name of the second defendant on the basis of a valid transfer deed. The possibility, of the plaintiffs' broker selling the shares to the second defendant cannot .....

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