1950 (1) TMI 6

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....director of a company by name Chandra and Company, which was the managing agent of the Hind Commonwealth Corporation Ltd., Kumbakonam. The case against him was under section 282A of the Indian Companies Act in that he wrongfully kept possession of articles belonging to the company of which he was a manager-director or a servant. The defence of the petitioner was that a sum of Rs. 294-5-0 was due t....

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....akonam, for the recovery of Rs. 292 from the company and he obtained a decree for the amount claimed with costs making the same a first charge on the very same movable items which the petitioner is alleged to have wrongfully retained. In view of that, there can be no doubt that the sum of Rs. 294-5-0 was actually due to the petitioner, and if for the amounts due to him which the management of the ....