VIJAY JULKA Vs. SAMRIDDHI MEGA STRUCTURES LIMITED

JUDGEMENT

(1.) By way of this appeals, the appellants seek to challenge the order dated 14.06.2013 passed by the Company Law Board, New Delhi (hereinafter referred as 'CLB') whereby the respondents were held to be owners of 25, 520 share Certificates before the CLB and the Company was directed to make entry accordingly within 45 days and further the Bench Officer was also directed to return the Original Share Certificates to the petitioners while duplicate Shares Certificates were directed to be returned to the respondents in a Company petition moved by the respondents under Sections 111, 111A, 235, 397 and 398 of the Companies Act, 1956 (hereinafter to be referred as 'the Act of 1956') .

(2.) Brief facts which are required to be noted for disposal of these appeals are that appellant No.4 Valentino International Private Limited was earlier incorporated as Triumph Castings Pvt. Limited in the year 1985 and the name was changed to the present in the year 2008 (issuing of Certificate to the said effect by the Registrar of Companies on 20.02008.

(3.) Respondent No.2 Ramesh Dungar claimed 100% share holding of the appellant No.4 Company and was inducted as a Director of the Company as on 28.9.1996. However, on account of the provisions contained under Section 283(1) (g) of the Companies Act he seems to be Director of the Company and the Board of Directors passed a Resolution to this effect on 27.1.2005.