1997 (1) TMI 418

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....legal heir was impleaded in the case vide our Order dated 4-1-1996. Her legal heir Mrs. Veena Sarpal who is her sole legal representative was already on record as respondent No. 6 in the case. Mr. Madhusudan Upadhyay, respondent No. 3 also died during the proceedings and his legal representatives were impleaded in accordance with our Order dated 18-3-1996. 2. The brief facts of this case are that Smt. Kaushalya Devi, the appellant, sold 200 shares of Hindustan Levers Ltd. to the respondent Shri D.N. Aggarwal at the rate of Rs. 140 per share on 28-6-1991 for a sum of Rs. 28,700,100 shares were delivered on 28-6-1991 itself and the remain- ing 100 shares were to be delivered on the encashment of the cheque. Shri D.N. Aggarwal, who bought t....

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....lusion that there is no evidence to suggest that the buyer Shri Aggarwal had bought these shares without bonus and dividend rights. In support of this view the State Commission has quoted a receipt signed by Smt. Kaushalya Devi, the petitioner and witnessed by Smt. Veena Sarpal, her daughter. The receipt reads as follows : "I, Kaushalya Devi Marwah, W/o late Shri Hira Lai Marwah, r/o 5/50, WEA, Karol Bagh, New Delhi received a sum of Rs. 28,700 from Mrs. Sunita Aggarwal, r/o 1-146 Ashok Vihar, Delhi vide Pay Order No.... for Rs. 15,800 and Rs. 12,900 as a full and final consideration of the following shares of Hindustan Lever Ltd. The Pay Order drawn on and by Bank of Baroda. L.F. Distinctive No. Share Certificate Number No. ....