Bombay High Court Allows Cooperative Sugar Factory's Petition Against Injunction in Share Forfeiture Dispute. Court holds that forfeiture of shares for non-payment of call money is valid under the Maharashtra Cooperative Societies Act and byelaws, and that the appellate court exceeded its jurisdiction by granting injunction without considering prima facie case....
The petitioner, Shree Vitthal Sahakari Sakhar Karkhana Ltd., a cooperative sugar factory registered under the Maharashtra Cooperative Societies Act, challenged an order dated 16 July 2009 passed by th...




