LAWS(APH)-2015-4-20

RENUKA DATLA Vs. BIOLOGICAL E LIMITED

Decided On April 15, 2015
RENUKA DATLA Appellant
V/S
Biological E Limited Respondents

JUDGEMENT

(1.) WITH the demise of its mentor, the closely held family company, namely, Biological E. Limited (for short "the company") has plunged into the vortex of legal litigation. Pitted against each other are the mother on the one side and the three daughters on the other side. With the war beginning and the battle lines drawn, "the mother and daughters sentiment" has vanished. With the one up -manship getting better of the family relationship and vanity having the last laugh over mutual affections, the successors in interest of the departed soul, have arraigned themselves before the law Courts.

(2.) THE background of this sordid episode needs to be briefly recounted for adjudication of this appeal.

(3.) THE company was initially promoted by J.A. Narasimha Raju who is none other than the father of appellant No.1, and his friend Dasu Ramaswami in the year 1953 in the State of Maharashtra. It was engaged in the business of pharmaceutical products and vaccines. It is the pleaded case of appellant No.1 that his father held the majority shares. Ten years after the company came into existence, it was shifted from Mumbai to Hyderabad in the year 1964.