1960 (6) TMI 16

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.... wholly misconceived and is bound to be dismissed with costs. Further the applicant has got no locus standi. The reasons for dismissing this application are as follows : The applicant claims to have become vitally interested in the said company by reason of agreeing to buy 100 fully paid shares of Rs. 10 each in the said company, namely, Barabone Coal Concern Ltd. Annexure "A" to the petition s....

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.... or received by the liquidator except that a certificate of posting of a letter addressed to the liquidator has been produced in court. Then the question arises as to whether this applicant can at all apply for such sanction to the liquidator. In my opinion, he is not so entitled ; only the shareholder transferor, in my opinion, can apply to the liquidator for transfer of his share. The liquidator....