2002 (12) TMI 494

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....Rita Chandrasekaran, Mis. Aiyar and Dolia for the Respondent. JUDGMENT S. Jagadeesan, J. - The appellant has filed this appeal against the order of the learned judge dated August 24, 1999 in C. P. No. 27 of 1995. The appellant claimed a sum of Rs. 35 lakhs from the respondent-company on the ground that the appellant paid the amount towards the purchase of shares. If the shares were sold t....

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....present appeal has been filed. Learned counsel for the appellant contended that since the amount of Rs. 35 lakhs was paid to the respondent-company for the allotment of shares and further, as it was agreed that in case, if the shares were allotted to the appellant, the amount will not bear any interest, the failure on the part of the respondent-company in allotting the shares would entitle the ....