M K MATHULLA Vs. N N WANCHOO

JUDGEMENT

(1.) The petitioner Mr. M. K. Mathulla is a Chartered A.ccountant. Before he was selected by the Union Public Service Commission in 1951 for the post of Controller of Accounts, Fertilizers Project, Sindri, he had held office for 12 years as Assistant and Deputy Controller of Accounts and ultimately Controller of Accounts in Tata Iron and Steel Company Jamshedpur and from 1943 to 1951 as Chief Executive Officer in Air India. After working for about three years in Sindri Fertilizers and Chemicals Limited his rervices were taken on loan by Government of India in the then Ministry of Production where he was first appointed as Officer oil Special Duty and later made ex-officio Joint Secretary.

(2.) From 1st March 1956 he was appointed Managing Director of Hindustan Machine Tools Limited Bangalore where he claims to hive made a tremendous success of his job by transferring an undertaking that had shown a loss of Rs 60 lakas into a flomishing concern which began to make profits rising to Rs. 3 crores per anaum and paid a dividend of 10 per cent per annun for 5 years in succession. He also claims that by imaginative planning, re-organisation and utilisation of full production capacity of the undertarking he succeeded in launching on a progremme of expansion whereby four more machine tool factories, one in Bangalore, the other in Pinjore (Punjab) the third in Kalamssery (Kerala) and the fourth in Hyderabad were established, two of these factories are claimed to have been built from internal resources of the parent undertaking without any additional investment of capital by the Government or external resources

(3.) The petitioner also alleges that his services in the development and profitable expansion of machine tools industry and precision instruments industry won him the appreciation of Shri Jawaharlal Nehru and the then Minister of Commerce and Industry late Shri Lal Bahadur Shastri and Shri Manubhai Shah. Inrecognition of his distinguished services to the country he was awarded Padma Shri in 1959 and the Hindustan Machine Tools (HMT) won the Presidential Award for the best managed public undertaking.