Supreme Court Allows Appeal of Defendant Company in Trust and Escheat Case — Shareholders of Dissolved Company Held Not Entitled to Sue for Recovery of Its Assets. The Court Ruled That After Dissolution Under Section 209H of the Indian Companies Act, 1913, Company Properties Vested in Government by Escheat and the Suit Was Also Barred by Limitation Under Article 120 of the Limitation Act, 1908.
20 Dec 1968The dispute arose from the sale of plantation estates owned by a family-run limited company, Ouchterlony Valley Estates Limited (old company), to its ...
