https://www.taxtmi.com/caselaws?id=97725 A person who is not shown to be a shareholder or otherwise entitled in the matter has no locus standi to seek a liquidator's sanction for transfer of shares, and the liquidator is not bound to act on such an outsider's request. The Court also found the petition not bona fide because its assertions were inconsistent with company and Registrar records, including statements about the company's financial position. On that basis, the application was held to disclose no case for relief and was dismissed with costs. en-us Tue, 21 Jun 1960 00:00:00 +0530 Tue, 17 Jan 2012 17:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97725 A person who is not shown to be a shareholder or otherwise entitled in the matter has no locus standi to seek a liquidator's sanction for transfer of shares, and the liquidator is not bound to act on such an outsider's request. The Court also found the petition not bona fide because its assertions were inconsistent with company and Registrar records, including statements about the company's financial position. On that basis, the application was held to disclose no case for relief and was dismissed with costs. Case-Laws Companies Law Tue, 21 Jun 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97725