https://www.taxtmi.com/caselaws?id=97804 The court upheld the declaration that Shiv Ram Batta should be treated as the holder of the shares under section 19 of the Displaced Persons (Debts Adjustment) Act, despite the company's argument that he had lost interest in the shares. The court clarified that as long as Batta's name remained on the company's registers, he must be considered the holder of the shares. The appeal by the company was dismissed, affirming Batta's entitlement to relief under the Act, and costs were awarded against the appellant. en-us Thu, 14 Jan 1960 00:00:00 +0530 Wed, 18 Jan 2012 11:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97804 The court upheld the declaration that Shiv Ram Batta should be treated as the holder of the shares under section 19 of the Displaced Persons (Debts Adjustment) Act, despite the company's argument that he had lost interest in the shares. The court clarified that as long as Batta's name remained on the company's registers, he must be considered the holder of the shares. The appeal by the company was dismissed, affirming Batta's entitlement to relief under the Act, and costs were awarded against the appellant. Case-Laws Companies Law Thu, 14 Jan 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97804