https://www.taxtmi.com/caselaws?id=193896 Withdrawal of an earlier suit barred the later action only where the subject-matter was the same; here, the later challenge concerned a distinct sale of shares and was not barred by Order 23 Rule 1(3) or Order 2 Rule 2 CPC. The company's lien and power of sale could operate only if the contractual conditions were strictly met, including a presently payable liability, a proper demand, and valid notice; those requirements were not satisfied, and the officers involved lacked effective authority. The purchaser had notice of irregularity and did not establish bona fide purchase, so protection under the articles and indoor management was unavailable. The share register was therefore liable to rectification. en-us Mon, 03 Mar 1958 00:00:00 +0530 Tue, 22 Aug 2017 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193896 Withdrawal of an earlier suit barred the later action only where the subject-matter was the same; here, the later challenge concerned a distinct sale of shares and was not barred by Order 23 Rule 1(3) or Order 2 Rule 2 CPC. The company's lien and power of sale could operate only if the contractual conditions were strictly met, including a presently payable liability, a proper demand, and valid notice; those requirements were not satisfied, and the officers involved lacked effective authority. The purchaser had notice of irregularity and did not establish bona fide purchase, so protection under the articles and indoor management was unavailable. The share register was therefore liable to rectification. Case-Laws Indian Laws Mon, 03 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193896