Miscellaneous - This Day That Age   

dated February 19, 1954: Tramway Co.

The Government have filed an appeal in the Madras High Court against the order of Mr. Justice Balakrishna Aiyar, directing the winding up of the Madras Electric Tramway Company Ltd. Mr. J. B. Beardsell, who held a power of attorney from the Directorate of the Company, filed a petition in the High Court for permission to wind up the Company on the ground that the Company was unable to pay its debts, and also that it ceased to carry on business. It was opposed by the State Government on the ground that the petition was not maintainable, and that there must be a special resolution by the Company for its winding up. His Lordship allowed the petition and ordered the winding up of the Company, stating that, when the affairs of the Company had come to such a pass that it was unable to pay its debts and to carry on business, the only rational thing to do was to wind up its affairs. Against this order of His Lordship, the appeal has been filed by the Government.

Printer friendly page  
Send this article to Friends by E-Mail

Miscellaneous

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary | Updates: Breaking News |

Stories in this Section

• Cartoon
• The Hindu Crossword 7910
• Solution to puzzle 7909
• Efficacy of prayer
• dated February 19, 1954: Food supply in India
• dated February 19, 1954: Railway accidents
• dated February 19, 1954: Tramway Co.
• dated February 19, 1954: Walking sticks
• Weather

Copyright © 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu