https://www.taxtmi.com/caselaws?id=96738 A sanctioned scheme under the Companies Act was construed narrowly on the term "depositors" to determine whether it covered a depositor whose deposit had matured and who had already obtained a compromise decree for recovery. The court found the evidence of service of notice unsatisfactory and relied on the surrounding circumstances, including the later compromise decree and the bank's conduct, to conclude that such persons were not intended to be included within the scheme. The scheme therefore did not bind the depositor, and execution of the compromise decree could proceed. en-us Wed, 09 Dec 1936 00:00:00 +0530 Tue, 10 Jan 2012 16:46:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96738 A sanctioned scheme under the Companies Act was construed narrowly on the term "depositors" to determine whether it covered a depositor whose deposit had matured and who had already obtained a compromise decree for recovery. The court found the evidence of service of notice unsatisfactory and relied on the surrounding circumstances, including the later compromise decree and the bank's conduct, to conclude that such persons were not intended to be included within the scheme. The scheme therefore did not bind the depositor, and execution of the compromise decree could proceed. Case-Laws Companies Law Wed, 09 Dec 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96738