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december 1961

Supreme Court of India · 1961-12-05

SATISH CHURAN LAW vs H. K. GANGULY

Citation / case number
SC 1961/134
Court
Supreme Court of India
Petitioner
SATISH CHURAN LAW
Respondent
H. K. GANGULY
Bench
SHAH, J.C.

Judgment text excerpt

The Supreme Court held that the ex-parte order under Section 477 of the Companies Act, 1956, allowing the examination of an ex-director by the Official Liquidator, was not final and could be modified or vacated if obtained through misstatement of facts. The Court emphasized that the primary test for such orders is whether they are just and beneficial to the company's business. However, it ruled that the appellant had no right to inspect the signed statement of the liquidator, as it was confidential and did not form part of the liquidation proceedings.

SATISH CHURAN LAW vs H. K. GANGULY · Niyam