Supreme Court of India

Rohtas Industries Ltd. v. S. D. Agarwal & Anr.

Neutral citation
Reported as [1969] 3 S.C.R. 108
Bench S.M. Sikri J.
Decided 16 December 1968

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

6 Supreme Court benches have cited this judgment.

From the headnote

Indian Companies Act (1 of 1956), s. 237 (b)(i) and (11)-Circum­ stances suggesting fraud-Existence of-II condition precedent to action under section. · On May 20, 1960, Albion Plywoods Ltd. resolved at a general meeting to convert its preference shares into ordinary shares. Ml s. Sahu Joins were its managing agents. Some time before, in April 1960, New Central' Jute Mills Co. Ltd. had sold the preference shares of Albion Pl~s which it was holding. One S. P. Jain, against whom proeeedmgs in criminal courts were pendin~ for acts of misfeasance and malfeasance in relation to other comparues,

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