https://www.taxtmi.com/caselaws?id=100637 The High Court dismissed the second appeal, affirming the trial court's rulings that the sale of ninety shares was valid, not benami, and that any irregularity in the sale of Kamaludin's shares entitled the plaintiffs to damages only. Emphasizing the significance of proper notice and the plaintiffs' failure to redeem the debt, the judgment upheld company law principles on share sales and shareholder rights. The court also upheld the trial court's jurisdiction, rejected the plea of limitation, misjoinder of cause of action, and found no laches or acquiescence by the plaintiffs. en-us Fri, 01 Oct 1982 00:00:00 +0530 Fri, 03 Feb 2012 16:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100637 The High Court dismissed the second appeal, affirming the trial court's rulings that the sale of ninety shares was valid, not benami, and that any irregularity in the sale of Kamaludin's shares entitled the plaintiffs to damages only. Emphasizing the significance of proper notice and the plaintiffs' failure to redeem the debt, the judgment upheld company law principles on share sales and shareholder rights. The court also upheld the trial court's jurisdiction, rejected the plea of limitation, misjoinder of cause of action, and found no laches or acquiescence by the plaintiffs. Case-Laws Companies Law Fri, 01 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100637