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    <title>2004 (7) TMI 374 - HIGH COURT OF MADHYA PRADESH</title>
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    <description>A claim for declaration and injunction over disputed shares failed because the plaintiff did not prove that the company had been given written notice of any valid transfer in his favour. In the absence of such intimation, the company could rely on the share register and recognise the recorded shareholders, and transfer could not be compelled on assertion of purchase alone. The suit also failed for non-joinder of the brokers and original shareholders through whom the alleged transfer was said to have been made, as they were necessary to establish the chain of title and basis for substitution of the plaintiff&#039;s name. The dismissal of the suit was confirmed.</description>
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    <pubDate>Tue, 27 Jul 2004 00:00:00 +0530</pubDate>
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      <title>2004 (7) TMI 374 - HIGH COURT OF MADHYA PRADESH</title>
      <link>https://www.taxtmi.com/caselaws?id=110484</link>
      <description>A claim for declaration and injunction over disputed shares failed because the plaintiff did not prove that the company had been given written notice of any valid transfer in his favour. In the absence of such intimation, the company could rely on the share register and recognise the recorded shareholders, and transfer could not be compelled on assertion of purchase alone. The suit also failed for non-joinder of the brokers and original shareholders through whom the alleged transfer was said to have been made, as they were necessary to establish the chain of title and basis for substitution of the plaintiff&#039;s name. The dismissal of the suit was confirmed.</description>
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      <pubDate>Tue, 27 Jul 2004 00:00:00 +0530</pubDate>
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