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Issues: Whether the complaint was liable to be dismissed for non-joinder of necessary parties.
Analysis: The dispute turned on whether the complainant could establish the alleged loss and the identity of the introducing member without impleading persons whose participation was essential to decide the controversy. The persons said to have dealt with the shares, the alleged real owner of the shares, and the stock exchange through which the shares were returned were all necessary to determine whether the shares were stolen shares, who was the introducing member, and whether any loss was actually suffered by the complainant. In their absence, the matter involved disputed and complicated facts that could not be satisfactorily resolved in summary consumer proceedings.
Conclusion: The complaint was liable to be dismissed for non-joinder of necessary and proper parties.