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of <h1>High Court corrects issues in share transfer case, emphasizes burden of proof on companies.</h1> <h3>Sri Tripurasundari Cotton Press Co. Ltd. Versus Adepalli Venkatappayya</h3> The High Court of Madras allowed the Civil Revision Petition, correcting the wrongly framed issues in a case concerning a company's refusal to acknowledge ... Transfer to Shares – Power to refuse registration and appeal against refusal The High Court of Madras allowed the Civil Revision Petition due to wrongly framed issues in a case involving the refusal of a company to recognize a transfer of shares. The burden of proof was incorrectly placed on the defendants, contrary to legal principles. The court emphasized the importance of the matter to companies and the need for proper legal precedent. The costs of the revision petition will depend on the outcome of the suit.
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