https://www.taxtmi.com/caselaws?id=97704 The court ruled in favor of the petitioner, a displaced person seeking share conversion under the Displaced Persons (Debts Adjustment) Act. The judgment addressed the timeliness and maintainability of the petition, emphasizing the petitioner's entitlement despite the bank's winding up. The court clarified the independent operation of the Displaced Persons Act and the Companies Act, granting the petitioner's request for share conversion and awarding costs. The judgment highlighted the legislative intent behind the Acts and upheld the petitioner's rights, concluding in favor of the petitioner's application for share conversion. en-us Fri, 08 Apr 1960 00:00:00 +0530 Tue, 17 Jan 2012 17:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97704 The court ruled in favor of the petitioner, a displaced person seeking share conversion under the Displaced Persons (Debts Adjustment) Act. The judgment addressed the timeliness and maintainability of the petition, emphasizing the petitioner's entitlement despite the bank's winding up. The court clarified the independent operation of the Displaced Persons Act and the Companies Act, granting the petitioner's request for share conversion and awarding costs. The judgment highlighted the legislative intent behind the Acts and upheld the petitioner's rights, concluding in favor of the petitioner's application for share conversion. Case-Laws Companies Law Fri, 08 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97704