1933 (5) TMI 13

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....owed. It appears that in the year 1927 one Rudra came over to Rangoon to hawk about shares belonging to the respondent company and several other companies. He induced the plaintiff to pay him a sum of Rs. 251 for the purpose of purchasing 20 shares in the respondent company. The plaintiff heard nothing about his money till the year 1929 when after threatening the respondent company to inform the R....

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....te clear from case of In re Universal Banking Co. (1868) 3 Ch. A. 633. where at p. 637, Page Wood, L.J., says as follows: "The course of decisions has determined that to obtain a binding allotment there must be an application, an allotment and a communication of the allotment." In this case I must hold that there has been no communication of the allotment to the petitioner. The respondent co....

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....the Company the shares could not be allotted till all the money for the shares had been paid up. No reply was sent to this letter and evidently the petitioner, being disgusted at the behaviour of the respondent company, wrote a letter through Mr. Chowdhury to the respondent company, which is Ex. A, asking for the return of his money with interest. In that letter it was distinctly stated that no sh....