{"id":54927,"date":"2009-09-14T00:00:00","date_gmt":"2009-09-13T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009"},"modified":"2018-09-21T01:30:44","modified_gmt":"2018-09-20T20:00:44","slug":"sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009","title":{"rendered":"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana &#8230; on 14 September, 2009"},"content":{"rendered":"<div class=\"docsource_main\">Kerala High Court<\/div>\n<div class=\"doc_title\">Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana &#8230; on 14 September, 2009<\/div>\n<pre>       \n\n  \n\n  \n\n \n \n  IN THE HIGH COURT OF KERALA AT ERNAKULAM\n\nCo.Pet.No. 40 of 2008()\n\n\n\n1. SRI.VAMADEVAN.N. AND OTHERS\n                      ...  Petitioner\n\n                        Vs\n\n1. SREE NARAYANA DHARMA PARIPALANA YOGAM &amp;\n                       ...       Respondent\n\n                For Petitioner  :SRI.S.RAJEEV\n\n                For Respondent  :GOVERNMENT PLEADER\n\nThe Hon'ble MR. Justice P.R.RAMACHANDRA MENON\n\n Dated :14\/09\/2009\n\n O R D E R\n                                                                                       (C.R.)\n\n\n                 P.R. RAMACHANDRA MENON, J.\n              ........................................................................\n                          C.P. No. 40 OF 2008\n             .........................................................................\n                 Dated this the 14th September, 2009\n\n\n                                       O R D E R\n<\/pre>\n<p>      &#8216;Sree Narayana Dharma Paripalana Yogam&#8217; (&#8216;Yogam&#8217; in<\/p>\n<p>short) is sought to be wound up in this Company Petition.<\/p>\n<p>      2. The first respondent &#8216;Yogam&#8217; is a Charitable Non-trading<\/p>\n<p>Company&#8217; incorporated in 1903 under the Travancore Regulation<\/p>\n<p>I of 1063 M.E., corresponding to Act 6 of 1882 of the Indian<\/p>\n<p>Companies Act (herein after referred to as the &#8216;Act&#8217;).                                       The<\/p>\n<p>petitioners  were          elected           office         bearers           of      the   SNDP<\/p>\n<p>Unions\/Sakhas under the first respondent.                                    The case of the<\/p>\n<p>petitioners is that,             ever since assuming the office as the<\/p>\n<p>General Secretary of the &#8216;Yogam&#8217;, the second respondent had<\/p>\n<p>been functioning in a quite autocratic manner, suspending the<\/p>\n<p>petitioners and others from their office and also                                    bringing the<\/p>\n<p>Unions\/Sakhas       under the management of the Administrators,<\/p>\n<p>without any regard to the                  rules or procedures                      contemplated<\/p>\n<p>under the bye-laws of the &#8216;Yogam&#8217;. It is alleged that the affairs<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                  2<\/span><\/p>\n<p>of the &#8216;Yogam&#8217; are being mismanaged; the funds are being<\/p>\n<p>misappropriated and there is complete oppression of minority<\/p>\n<p>members,      coupled with acts of fraud and such other illegal<\/p>\n<p>activities, in total disregard to the statutory prescriptions. The<\/p>\n<p>petitioners have approached this Court under Section        203(b)<\/p>\n<p>(ii), read with 433(f) of the Companies Act with the following<\/p>\n<p>prayers:\n<\/p>\n<blockquote><p>            &#8220;a)   To appoint a committee of not less than<\/p>\n<p>            five members     to      take    over      the<\/p>\n<p>            administration and management of      SNDP<\/p>\n<p>            Yogam and institutions functioning under that<\/p>\n<p>            company;\n<\/p><\/blockquote>\n<blockquote><\/blockquote>\n<blockquote><p>            b)    To declare that respondents 1 to 4 are<\/p>\n<p>            disqualified from continuing as office bearers<\/p>\n<p>            of SNDP Yogam;\n<\/p><\/blockquote>\n<blockquote><\/blockquote>\n<blockquote><p>            c)    To direct respondents 2 to 4 to make<\/p>\n<p>            available to this Hon&#8217;ble Court true and<\/p>\n<p>            correct details of the income and expenditure<\/p>\n<p>            of the Yogam including Micro Finance Account<\/p>\n<p>            and amount received from Kerala State<\/p>\n<p>            Backward     Development     Corporation  and<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                             3<\/span><\/p>\n<p>         details of persons to whom such amounts<\/p>\n<p>         were distributed    from November 1996<\/p>\n<p>         onwards;\n<\/p><\/blockquote>\n<blockquote><\/blockquote>\n<blockquote><p>         d)   To direct the respondents to take<\/p>\n<p>         immediate steps for ordering elections in all<\/p>\n<p>         Unions and branches under Administrator<\/p>\n<p>         Control to have elected representatives and<\/p>\n<p>         to hand over the assets and management to<\/p>\n<p>         such       elected bodies    within   a time<\/p>\n<p>         frame;\n<\/p><\/blockquote>\n<blockquote><\/blockquote>\n<blockquote><p>         e)   To render to this    Hon&#8217;ble Court the<\/p>\n<p>         correct and complete records and documents<\/p>\n<p>         which are maintained in connection with<\/p>\n<p>         micro-finance   operations   and    to direct<\/p>\n<p>         payments    to   the   needy   members     in<\/p>\n<p>         accordance with the stipulations of NABARD;<\/p><\/blockquote>\n<pre>\n\n\n         f)   To direct the 2nd respondent not to\n\n         alienate or dispose of any movable or\n\n         immovable properties of   SNDP         Yogam\n\n         without prior permission from this    Hon'ble\n\n         Court.\n\nC.P. No. 40 OF 2008\n\n<span class=\"hidden_text\">                                4<\/span>\n\n<\/pre>\n<blockquote><p>           g)   In the alternative, the 1st respondent<\/p>\n<p>           Sree Narayana Dharma Paripalana Yogam<\/p>\n<p>           be wound up by this Hon&#8217;ble Court under the<\/p>\n<p>           provisions of the Companies Act, 1956;<\/p>\n<\/blockquote>\n<blockquote><p>           h)   To appoint provisional liquidator to<\/p>\n<p>           preserve the    assets of the respondent<\/p>\n<p>           company; and<\/p>\n<\/blockquote>\n<blockquote><p>           i)   To pass such other order or orders as<\/p>\n<p>           this Hon&#8217;ble Court may deem fit, appropriate<\/p>\n<p>           and just.&#8221;<\/p><\/blockquote>\n<p>     3. When the above matter came up for admission before<\/p>\n<p>this court on 01.01.2009, another learned Single Judge of this<\/p>\n<p>Court ordered as follows:\n<\/p>\n<p>                &#8220;Admitted      without     prejudice     to<\/p>\n<p>           contentions including on the question of<\/p>\n<p>           jurisdiction. Notice by Special Messenger. List<\/p>\n<p>           on 13.01.09 for consideration of the application<\/p>\n<p>           for interim reliefs. No immovable property of<\/p>\n<p>           the SNDP      Yogam shall be alienated        or<\/p>\n<p>           encumbered until the next date of hearing.&#8221;<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                5<\/span><\/p>\n<p>Pursuant    to  service  of  notice,  the  respondents  entered<\/p>\n<p>appearance     and the matter has been brought up for further<\/p>\n<p>consideration, challenging the very question of maintainability,<\/p>\n<p>at the instance of the respondents 1 and 2.\n<\/p>\n<p>      4. Mrs. Nalini Chidambaram, learned Sr. Counsel appearing<\/p>\n<p>on behalf of the petitioners submits that the Company Petition<\/p>\n<p>is very much maintainable, simultaneously adding       that the<\/p>\n<p>doubts, if any, can be entertained only along with the merits of<\/p>\n<p>the case, particularly, since the matter has already been<\/p>\n<p>admitted by this Court. The learned Sr. Counsel referred to the<\/p>\n<p>sequence of events and also the relevant provisions of law, to<\/p>\n<p>sustain the said submission.\n<\/p>\n<p>      5. Mr. Nageswara Rao, learned Sr. Counsel appearing on<\/p>\n<p>behalf of the    first and second respondents submits that the<\/p>\n<p>Company Petition is not at all maintainable in view of the other<\/p>\n<p>effective, alternate remedy available and also by virtue of the<\/p>\n<p>clear mandate under sub section (2 )of Section 443 of the Act.<\/p>\n<p>It is also stated that &#8216;admission&#8217; of the matter does not curtail<\/p>\n<p>the rights      of the respondents to challenge       the very<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                  6<\/span><\/p>\n<p>maintainability of the petition, particularly in view of the rider<\/p>\n<p>placed by the learned Judge while admitting the matter, holding<\/p>\n<p>that &#8216;admission&#8217; is subject to maintainability. The learned Sr.<\/p>\n<p>Counsel referred to the relevant provisions in the Companies Act,<\/p>\n<p>which clearly deal with the rights and      liberties of the parties<\/p>\n<p>concerned, to have redressal in respect of the prayers made in<\/p>\n<p>the instant case at Sl.Nos. (a) to (f), pointing out that the prayer<\/p>\n<p>for &#8216;winding up&#8217; has been sought for       at Sl.No.(g) only as an<\/p>\n<p>&#8216;alternative&#8217;. Reliance is also placed on the very admission of the<\/p>\n<p>petitioner in Ground (D) under the head-&#8216;Disappearance of<\/p>\n<p>Substratum&#8217;- given at running page 48 of the Company Petition.<\/p>\n<p>The learned Sr. Counsel also referred to the judicial precedents<\/p>\n<p>rendered by the Apex Court, a Division Bench of this Court and<\/p>\n<p>various other High Courts, to substantiate that the remedy by<\/p>\n<p>way of winding up under Section 433 (f) is not liable to be<\/p>\n<p>granted    in view of the other effective,        alternate remedy<\/p>\n<p>available and also for the fact that it is only sought for as &#8216;an<\/p>\n<p>alternative&#8217; prayer. It is the specific case of the respondents 1<\/p>\n<p>and 2, as put forth by the learned Sr. Counsel, that &#8216;winding<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 7<\/span><\/p>\n<p>up&#8217; has been sought for, as an alternative prayer, only to<\/p>\n<p>sustain the prayer for    interference  under Section 203(b)(ii),<\/p>\n<p>which,    otherwise is not permissible,   unless &#8216;in the course of<\/p>\n<p>winding up&#8217; of a Company.\n<\/p>\n<p>     6.   The first respondent &#8216;Yogam&#8217; is a &#8216;Non-trading Public<\/p>\n<p>Limited Company&#8217;       deemed to be incorporated under the<\/p>\n<p>provisions of the Kerala    Non-trading   Companies Act,. 1961.<\/p>\n<p>The affairs of the first respondent are governed by            the<\/p>\n<p>Companies Act, by incorporation.     After  considering the rival<\/p>\n<p>submissions, this Court decided to hear the legal aspects as to<\/p>\n<p>the scope of the order passed at the time of       &#8216;admission'(the<\/p>\n<p>question of maintainability) before proceeding with the merits of<\/p>\n<p>the case and accordingly,     heard all  the  learned Counsel in<\/p>\n<p>detail.\n<\/p>\n<p>     7. Mr. Nageswara Rao, learned Sr. Counsel appearing for<\/p>\n<p>the respondents 1 and 2 , explained the scheme of the Statute,<\/p>\n<p>particularly with reference to the nature and extent of the reliefs<\/p>\n<p>sought for.\n<\/p>\n<p>     8. Obviously, the prayers at Sl.Nos. (a) to (f) are with<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 8<\/span><\/p>\n<p>regard to the mismanagement, fraud, oppression of minority,<\/p>\n<p>misappropriation and in turn to take over the administration and<\/p>\n<p>management of the &#8216;Yogam&#8217;, after declaring the respondents 1<\/p>\n<p>to 4, as disqualified from continuing in office. The above prayers<\/p>\n<p>are very much inter-connected and of course, based on the<\/p>\n<p>provisions under Section 203 (b)(ii), which is extracted below for<\/p>\n<p>the purpose of convenience of reference.\n<\/p>\n<blockquote><p>           &#8220;203.     Power to restrain fraudulent persons<\/p>\n<p>           from managing companies:-(1) Where-<\/p>\n<\/blockquote>\n<blockquote><p>           (a)   xx         xx         xx<\/p>\n<\/blockquote>\n<blockquote><p>           (b) in the course of winding up a company it<\/p>\n<p>           appears that a person&#8211;\n<\/p><\/blockquote>\n<blockquote><p>           (i)   xx         xx   xx    xx<\/p>\n<\/blockquote>\n<blockquote><p>           (ii) has otherwise been guilty, while an officer<\/p>\n<p>           of the company of any fraud or misfeasance in<\/p>\n<p>           relation to the company or of any branch of his<\/p>\n<p>           duty     to the company; the Court or the<\/p>\n<p>           Tribunal, as the case may be, may make an<\/p>\n<p>           order that that person shall not, without the<\/p>\n<p>           leave of the Court or the Tribunal, as the case<\/p>\n<p>           may be, be a director of , or in any way,<\/p>\n<p>           whether directly or indirectly, be concerned or<\/p>\n<p>           take part in the promotion, formation or<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                9<\/span><\/p>\n<p>           management of a company, for such period not<\/p>\n<p>           exceeding five years as may be specified in the<\/p>\n<p>           order. &#8220;<\/p><\/blockquote>\n<p>     9. Obviously by virtue of the specific stipulation in the<\/p>\n<p>Statute, the power to restrain fraudulent persons from managing<\/p>\n<p>the companies as provided in the said provision can be exercised<\/p>\n<p>only in the course of winding up of a company. As such, the<\/p>\n<p>basic question to be considered is       whether the prayer for<\/p>\n<p>winding up,   inserted at Sl. No. (g) of the Writ Petition, is liable<\/p>\n<p>to be entertained.     As stated herein before, the prayer for<\/p>\n<p>winding up at Sl. No. (g) has been raised by the petitioner only<\/p>\n<p>as an &#8216;alternative prayer&#8217;. The description of the sequence of<\/p>\n<p>events and the facts and figures      more relate to the alleged<\/p>\n<p>misappropriation, mismanagement, fraud and oppression of the<\/p>\n<p>minority sector, which need not constitute or warrant a &#8216;winding<\/p>\n<p>up&#8217; on the ground of &#8216;just and equitable reason&#8217;, as envisaged<\/p>\n<p>under Section 433(f).   The terms &#8216;just and equitable&#8217; as they<\/p>\n<p>appear under Section 433(f) are not to be read as &#8216;ejusdem<\/p>\n<p>generis&#8217; with the preceding words of the enactment (Halsbury&#8217;s<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 10<\/span><\/p>\n<p>Laws of England, Vol. 7 (3)    IVth Edition 2004 Re-issue). It is<\/p>\n<p>in the nature of &#8216;last resort&#8217;, when other remedies are not<\/p>\n<p>efficacious   enough to protect the general interests of the<\/p>\n<p>Company.     In this context, it is also relevant to      note the<\/p>\n<p>pleading of the petitioners in the Company Petition, as to the<\/p>\n<p>foundation laid for pressing the relief of winding up, as contained<\/p>\n<p>in paragraph 12      and also in Ground &#8220;D&#8221; under the head<\/p>\n<p>&#8216;Disappearance of Substratum&#8217;, which are extracted below:<\/p>\n<p>Paragraph 12:\n<\/p>\n<pre>                 \"This    petition is necessitated on\n\n           account     of     gross      mismanagement,\n\n<\/pre>\n<p>           misappropriation of money, acts of fraud,<\/p>\n<p>           misconduct, diversion of funds, illegal and<\/p>\n<p>           ultra vires acts, oppression of minority<\/p>\n<p>           members of the Company by the 2nd<\/p>\n<p>           respondent in collusion with the Board of<\/p>\n<p>           Directors, office bearers and some of the<\/p>\n<p>           council members of the Company and their<\/p>\n<p>           henchmen who are indulging in acts of<\/p>\n<p>           mismanagement,           misfeasance        and<\/p>\n<p>           oppression. The affairs of the Company are<\/p>\n<p>           conducted in such a way to promote and<\/p>\n<p>           assist their kith and kin, in total exclusion of<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 11<\/span><\/p>\n<p>           90% of the members of the Company, by<\/p>\n<p>           resorting to acts prejudicial to and destructive<\/p>\n<p>           of the very object of the Yogam.            The<\/p>\n<p>           following are the acts of fraud, misconduct,<\/p>\n<p>           oppression, mis-management and ultra vires<\/p>\n<p>           acts committed by the Board of         Directors<\/p>\n<p>           and Council members and office bearers of<\/p>\n<p>           the Yogam. &#8221;\n<\/p>\n<p>\nGround &#8216;D&#8217;:\n<\/p>\n<\/p>\n<blockquote><p>           &#8220;The minority of members of the Company<\/p>\n<p>           has   completely    lost  confidence    in  the<\/p>\n<p>           majority of the Board of Directors of the 1st<\/p>\n<p>           respondent and there is no alternative for the<\/p>\n<p>           minority members to seek relief in the matter<\/p>\n<p>           except to invoke jurisdiction of this Hon&#8217;ble<\/p>\n<p>           Court for appropriate relief as a last resort, if<\/p>\n<p>           only circumstances warrant, order winding up<\/p>\n<p>           of the 1st respondent company.&#8221;<\/p><\/blockquote>\n<p>     10. From the above, it is very much clear that the basic<\/p>\n<p>grievance of th petitioners in respect of the reliefs sought for at<\/p>\n<p>Sl.Nos. (a) to (f) and the prayer for &#8216;winding up&#8217; has been raised<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                12<\/span><\/p>\n<p>stating that there is no other alternate remedy for the minority<\/p>\n<p>members, except to invoke the jurisdiction of this Court for<\/p>\n<p>appropriate reliefs as   the last resort, however, conceding in<\/p>\n<p>Ground &#8220;D&#8221; as noted above that, it was to be granted only if<\/p>\n<p>circumstances warranted the same.\n<\/p>\n<p>      11.   Considering the moot question put forth by the<\/p>\n<p>petitioners, as to whether the circumstances warrant &#8216;winding<\/p>\n<p>up&#8217;, as projected in Ground &#8220;D&#8217; of the Company Petition, nothing<\/p>\n<p>else is seen pleaded specifically, so as to grant the remedy of<\/p>\n<p>&#8216;winding up&#8217; on just and equitable ground      as the &#8216;last resort&#8217;.<\/p>\n<p>In other words, is there any other alternate remedy for redressal<\/p>\n<p>of the grievance with regard to the reliefs at Sl.No. (a) to (f)<\/p>\n<p>and if any such remedy       is available , whether the same is<\/p>\n<p>efficacious enough or has any of the minority petitioners been<\/p>\n<p>prevented from availing the benefit thereunder, is not discernible<\/p>\n<p>from the pleadings on record.   As such, it has become necessary<\/p>\n<p>to   ascertain   whether    the contention of the petitioners in<\/p>\n<p>Ground &#8216;D&#8217;,   that there is no other alternate remedy for them is<\/p>\n<p>correct or sustainable.\n<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                13<\/span><\/p>\n<p>      12. Section 235(1) of the Companies Act, 1956 deals with<\/p>\n<p>the power of the Central Government to investigate the affairs of<\/p>\n<p>the Company on receipt of a report from the Registrar under Sub<\/p>\n<p>section (6) or (7) of Section 234. Sub section (2)(b) of the very<\/p>\n<p>same provision deals with such power conferred on the Tribunal<\/p>\n<p>in the case of a Company having no share capital(as in the<\/p>\n<p>instant case) where an application is received from not less than<\/p>\n<p>&#8216;1\/5th&#8217; of the persons on the Company&#8217;s register of members.<\/p>\n<p>The petitioner has no case that they moved the Tribunal by filing<\/p>\n<p>an application preferred by not less than 1\/5th of the persons<\/p>\n<p>on the Company&#8217;s register of members or that such course is not<\/p>\n<p>available or has been turned futile due to some or other reason,<\/p>\n<p>so as to make it ineffective.\n<\/p>\n<p>      13.    Without prejudice to the powers of the Central<\/p>\n<p>Government under Section 235,           it has been specifically<\/p>\n<p>stipulated under Section 237 that the Central Government      can<\/p>\n<p>exercise the powers of investigation into the Company&#8217;s affairs in<\/p>\n<p>other circumstances as well, as stipulated therein.<\/p>\n<p>      14. Admittedly, there is no case for the petitioners that<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                14<\/span><\/p>\n<p>they have resorted to any such steps to persuade the Central<\/p>\n<p>Government to pursue such appropriate steps for redressal of<\/p>\n<p>their grievances and that the same did not yield any positive<\/p>\n<p>result.\n<\/p>\n<p>     15. In the case of oppression of the minority, the power is<\/p>\n<p>vested with the &#8216;Tribunal&#8217; under Section 397 of the Act for<\/p>\n<p>granting necessary reliefs.    Similar power is vested with the<\/p>\n<p>Tribunal to deal with the situation of mismanagement as well,<\/p>\n<p>as provided under Section 398.         By virtue of the power<\/p>\n<p>specifically conferred under Section 397 and 398, if necessary<\/p>\n<p>application is preferred in the manner as specified therein, after<\/p>\n<p>considering the facts and circumstances, the Tribunal, if satisfied<\/p>\n<p>as to the &#8216;just and equitable&#8217; reason to have the Company<\/p>\n<p>wound up, it can pass appropriate orders to meet the situation.<\/p>\n<p>The circumstances under which a petition can be moved before<\/p>\n<p>the Tribunal under Section     397 or 398 are stipulated under<\/p>\n<p>Section 399. Sub section (1)(b) of Section 399 clearly stipulates<\/p>\n<p>that in the case of a Company not having a share capital (as in<\/p>\n<p>the instant case ), the right to apply under section 397 or 398<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 15<\/span><\/p>\n<p>will be available, if the application is preferred by not less than<\/p>\n<p>1\/5th of the total number of its members. To put it more clear,<\/p>\n<p>the petitioner, by virtue of the above statutory prescription is<\/p>\n<p>very much entitled to agitate the matter before the &#8216;Tribunal&#8217; , if<\/p>\n<p>an application is preferred by 1\/5th of the total number of<\/p>\n<p>members of the first respondent &#8216;Yogam&#8217;. That apart, sub<\/p>\n<p>section (4) of Section 399 provides that the Central Government<\/p>\n<p>may, if in its opinion circumstances exist, which make it just<\/p>\n<p>and equitable to do so, authorise any member or members of<\/p>\n<p>the Company to apply to the Tribunal under Section 397 or 398,<\/p>\n<p>notwithstanding that the requirements of clause (a) or clause<\/p>\n<p>(b), (as the case may be) of sub section (1) are not fulfilled.<\/p>\n<p>Why the petitioners have not resorted to such an exercise and<\/p>\n<p>why they have shut their       eyes against the alternate remedy<\/p>\n<p>provided under the statute, rather remain to be obscure.<\/p>\n<p>      16.  The case of the petitioners, as      asserted    by the<\/p>\n<p>learned Sr. Counsel Mrs. Nalini        Chidambaram, is that the<\/p>\n<p>respondents cannot dictate terms to the petitioners and it is for<\/p>\n<p>the petitioners to choose the appropriate remedy and Forum,<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 16<\/span><\/p>\n<p>when different remedies are available to the petitioners. When<\/p>\n<p>the petitioners assert that, it is by virtue of their discretion<\/p>\n<p>that they have chosen to approach this Court, by filing the<\/p>\n<p>Company Petition, seeking to wind up the first respondent on<\/p>\n<p>just and equitable ground, invoking the power under Section<\/p>\n<p>433(f) without resorting to the alternate remedy, the mandate<\/p>\n<p>under Section 443 (2) has also necessarily to be looked into,<\/p>\n<p>which provision is extracted below;.\n<\/p>\n<pre>           \"443.   Powers     of  Tribunal  on  hearing\n\n           petition:-(1)    On hearing a winding     up\n\n           petition, the Tribunal may-\n\n           (a) xx     xx    cc\n\n           (b) xx     xx    xx\n\n           )     xx   xx    xx\n\n           (d) xx     xx    xx    xx\n\n<\/pre>\n<p>           (2) Where the petition is presented on the<\/p>\n<p>           ground that it is just and equitable that the<\/p>\n<p>           company should be wound up, the Tribunal<\/p>\n<p>           may refuse to make an order of winding up,<\/p>\n<p>           if it is of the    opinion  that some other<\/p>\n<p>           remedy is available to the petitioners and<\/p>\n<p>           that they are acting unreasonably in seeking<\/p>\n<p>           to have the company wound up instead of<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                17<\/span><\/p>\n<p>            pursuing that other remedy.&#8221;\n<\/p>\n<\/p>\n<p>  17. This shows that unlike other grounds for sustaining the<\/p>\n<p>petition to wind up the Company as provided under Section<\/p>\n<p>433, if it is sought for on &#8216;just and equitable&#8217; grounds under<\/p>\n<p>clause (f) of Section 433, the relief can be declined, if there is<\/p>\n<p>other alternate remedy and in the opinion of the Court, if the<\/p>\n<p>petitioners are acting    unreasonably seeking for &#8216;winding up&#8217;,<\/p>\n<p>instead of pursuing the alternative remedy.<\/p>\n<p>      18. The above issue had come up for consideration before<\/p>\n<p>the Apex Court, which has been considered and explained as per<\/p>\n<p>the    decision in     <a href=\"\/doc\/51741\/\">Hind    Overseas Private Limited vs.<\/p>\n<p>Raghunath Prasad Jhunjhunwalla and<\/a> another [1976 (3)<\/p>\n<p>SCC 259]. The observations of the Apex Court in this regard<\/p>\n<p>are very much contained in paragraph 37, 38 and 44, which are<\/p>\n<p>extracted below.\n<\/p>\n<blockquote><p>            &#8220;37.     Section 433(f) under which this<\/p>\n<p>            application has been made has to be read<\/p>\n<p>            with Section 443(2) of the Act. Under the<\/p>\n<p>            latter provision where the      petition is<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                               18<\/span><\/p>\n<p>         presented on the ground that it is just and<\/p>\n<p>         equitable that the company should be wound<\/p>\n<p>         up, the court may refuse to make an order of<\/p>\n<p>         winding up if it is of opinion that some other<\/p>\n<p>         remedy is     available to the petitioners and<\/p>\n<p>         that they are acting unreasonably in seeking<\/p>\n<p>         to have the company wound up instead of<\/p>\n<p>         pursuing that other remedy.&#8221;\n<\/p><\/blockquote>\n<blockquote><p>\n         &#8220;38. Again under Sections 397 and 398 of<\/p>\n<p>         the Act there are preventive provisions in the<\/p>\n<p>         Act   as a safeguard against oppression in<\/p>\n<p>         management. These provisions also indicate<\/p>\n<p>         that relief under Section 433(f) based on the<\/p>\n<p>         just and equitable clause is in the nature of a<\/p>\n<p>         last resort when other remedies are not<\/p>\n<p>         efficacious enough to protect the general<\/p>\n<p>         interests of the company.&#8221;<\/p><\/blockquote>\n<p>         &#8220;44. It is not a proper principle to encourage<\/p>\n<p>         hasty petitions of this nature without first<\/p>\n<p>         attempting to sort out the dispute and<\/p>\n<p>         controversy between the members in the<\/p>\n<p>         domestic forum in conformity with the<\/p>\n<p>         articles of association.      There must be<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 19<\/span><\/p>\n<p>            materials to show when &#8216;just and equitable&#8217;<\/p>\n<p>            clause is invoked, that it is just and equitable<\/p>\n<p>            not only to the persons applying for winding<\/p>\n<p>            up but also to the company and to all its<\/p>\n<p>            shareholders. The company court will have<\/p>\n<p>            to keep in mind the position of the company<\/p>\n<p>            as a whole and the interests of the<\/p>\n<p>            shareholders and see that they do not suffer<\/p>\n<p>            in a fight for power that ensues between two<\/p>\n<p>            groups. &#8221;\n<\/p>\n<\/p>\n<p>        19.    <a href=\"\/doc\/1440102\/\">In Malabar Industrial Comp. Ltd. vs. John<\/p>\n<p>Anthrapper<\/a> [1985] 57 Comp. Cases 717 (Ker.), a Division<\/p>\n<p>Bench of this Court , following the dictum      in <a href=\"\/doc\/51741\/\">Hind Overseas<\/p>\n<p>Private Limited vs Raghunath Prasad Jhunjhunwalla and<\/a><\/p>\n<p>another [1976 (3) SCC 259] = [AIR 1976 SC 565] observed<\/p>\n<p>that under Section 397 and 398 of the Act, there are preventive<\/p>\n<p>provisions as a safeguard against oppression in management.<\/p>\n<p>These provisions also indicate that the relief under Section 433<\/p>\n<p>(f) based on the &#8216;just and equitable&#8217; clauses is in the nature of<\/p>\n<p>&#8216;last resort&#8217;, when other remedies are not efficacious enough<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                20<\/span><\/p>\n<p>to protect the general interest of   the Company.       It is also<\/p>\n<p>observed therein that, it is very much necessary to bear in mind<\/p>\n<p>that the relief under Section   433(f)  is in the nature of &#8216;last<\/p>\n<p>resort&#8217;, thus obliging the Court to  give   relief to the parties,<\/p>\n<p>when moved under the Section,           only under compelling<\/p>\n<p>circumstances.    Accordingly, relying on the mandate under<\/p>\n<p>Section   443(2), the appeal was allowed       and the Company<\/p>\n<p>Petition was dismissed    without prejudice to the rights of the<\/p>\n<p>petitioner to   take appropriate remedies     to safeguard    the<\/p>\n<p>interest as provided under the relevant provisions of the Statute.<\/p>\n<p>      20.  Later,   the issue came   up again for consideration<\/p>\n<p>before another learned Judge of this Court in <a href=\"\/doc\/920488\/\">Jose J. Kadavil<\/p>\n<p>and K.T. Mathew vs. Malabar Industrial Co. Ltd.<\/a> [(1986) 59<\/p>\n<p>Comp. Case 969 (Ker.)]. Following the dictum laid down by<\/p>\n<p>the Apex Court in       <a href=\"\/doc\/51741\/\">Hind    Overseas Private Limited vs<\/p>\n<p>Raghunath Prasad Jhunjhunwalla and<\/a> another [1976 (3)<\/p>\n<p>SCC 259] and also the       observation  made by the      Division<\/p>\n<p>Bench in [(1985) 57 Comp. Case 717 (Ker.)], interference<\/p>\n<p>was declined in the Company Petition seeking to wind up the<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                   21<\/span><\/p>\n<p>Company on &#8216;just and equitable&#8217; ground under Section 433(f),<\/p>\n<p>placing reliance on Section 443(2). The observations made by<\/p>\n<p>the learned Judge in paragraph 18 are very much relevant and<\/p>\n<p>hence it is extracted below:\n<\/p>\n<blockquote><p>            &#8220;18. I am in respectful agreement with the<\/p>\n<p>            dictum     laid down in A.P. Pothen&#8217;s case<\/p>\n<p>            [(1967) 37 Comp. Case 266; AIR 1968 Ker.<\/p>\n<p>            148 and George&#8217;s case (1965) 35. Comp.<\/p><\/blockquote>\n<p>            Case 17; AIR 1964 Ker. 212, referred to<\/p>\n<p>            above.     The observations of the learned<\/p>\n<p>            Judge in these cases is a complete answer to<\/p>\n<p>            the contentions of the petitioners that they<\/p>\n<p>            do not have any effective remedy under<\/p>\n<p>            Sections 397 and 398 in view of the<\/p>\n<p>            limitations placed under Section 399 of the<\/p>\n<p>            Act and that this Court having admitted these<\/p>\n<p>            petitions, it is to be presumed that this Court<\/p>\n<p>            was satisfied that there was a prima facie<\/p>\n<p>            case and, therefore, this court is bound to<\/p>\n<p>            allow the petitioners to adduce evidence and<\/p>\n<p>            that an order under Sections 443(2) can be<\/p>\n<p>            passed only after taking evidence or at the<\/p>\n<p>            conclusion of the enquiry. The petitioners<\/p>\n<p>            have effective alternative remedy under<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                               22<\/span><\/p>\n<p>           Sections 397 and 398 and the materials on<\/p>\n<p>           record clearly indicate that they are acting<\/p>\n<p>           unreasonably in seeking       to have the<\/p>\n<p>           company wound up instead of pursing that<\/p>\n<p>           other remedy. The petitioners can also file a<\/p>\n<p>           suit in this respect against the company.\n<\/p>\n<p>           These petitions are, therefore, liable to be<\/p>\n<p>           dismissed under Section 443 (2) of the<\/p>\n<p>           Companies Act.&#8221;\n<\/p>\n<p>     21. A Division Bench of the High Court of Andhra Pradesh<\/p>\n<p>has also taken a similar view in  K. Mohan Babu vs. Heritage<\/p>\n<p>Foods India Ltd and others [(2001) 5 ALD 800], whereby<\/p>\n<p>the Company Petition seeking to wind up the Company on &#8216;just<\/p>\n<p>and equitable&#8217; grounds under Section 433(f)      was dismissed,<\/p>\n<p>referring to the alternate remedy available under Sections 397<\/p>\n<p>and 398, read with the power under Section 443(2) . Exactly<\/p>\n<p>similar view has been taken by the Division Bench of the High<\/p>\n<p>Court of Rajasthan as well, in Takshila Hospital Ltd. and<\/p>\n<p>Kishan Singh Deora vs. Dr. Jagmohan Mathur ([2003]<\/p>\n<p>115 Comp. Case 343 (Raj.)<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                  23<\/span><\/p>\n<p>      22. With regard to the submission made by the learned Sr.<\/p>\n<p>Counsel Mrs. Nalini Chidambaram, that the question of<\/p>\n<p>maintainability is no more liable to be considered in isolation,<\/p>\n<p>(without considering the       merits), the petition having been<\/p>\n<p>admitted on 01.01.2009, it is to be noted that the order passed<\/p>\n<p>by this Court at the time of admission was rather qualified, in<\/p>\n<p>so far as the matter was admitted &#8220;without prejudice to<\/p>\n<p>contentions including on the question of jurisdiction&#8221;. Learned<\/p>\n<p>Sr. Counsel submitted that the &#8216;jurisdiction\/maintainability&#8217;<\/p>\n<p>contemplated therein was only with regard to the availability of<\/p>\n<p>&#8216;arbitration clause&#8217; and not with regard to anything else.<\/p>\n<p>      23. The learned Sr. Counsel, Mr. Nageswara Rao appearing<\/p>\n<p>on behalf of the respondents 1 and 2, submits that the above<\/p>\n<p>proposition is not at all correct or sustainable, particularly in view<\/p>\n<p>of the fact that the respondents were not available when the<\/p>\n<p>matter had come up for admission before the learned Judge and<\/p>\n<p>that such a &#8216;rider&#8217; was     imposed    while admitting the matter,<\/p>\n<p>with a specific view to see that the consequential proceedings,<\/p>\n<p>particularly   as to the publication     in the   dailies  regarding<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                  24<\/span><\/p>\n<p>winding up of the proceedings,       could be kept in abeyance for<\/p>\n<p>the time being; lest any such steps without hearing the other<\/p>\n<p>side should lead to unpleasant events and irreparable hardship,<\/p>\n<p>if the claims were not genuine.         The learned Counsel also<\/p>\n<p>submitted that &#8216;jurisdiction\/maintainability&#8217; is not confined to the<\/p>\n<p>availability of &#8216;arbitration clause&#8217; alone and that, it is equally<\/p>\n<p>applicable on the basis of other alternate remedy, as provided<\/p>\n<p>under the very same statute.        Reliance is also placed on the<\/p>\n<p>decision   rendered     by   this  Court   in  Geroge vs. The<\/p>\n<p>Athiamattam Rubber Co. Ltd. Thodupuzha [AIR 1964 KER.<\/p>\n<p>212]. The observations made by Shri P.T. Raman Nair. J., in<\/p>\n<p>paragraph No. 2 of the above decision are very much relevant<\/p>\n<p>and hence extracted below.\n<\/p>\n<blockquote><p>                  &#8220;The very institution of a winding up<\/p>\n<p>            petition against a      company more so its<\/p>\n<p>            advertisement, adversely affects the reputation<\/p>\n<p>            of   the   company,     and,  if  done   without<\/p>\n<p>            reasonable and probable cause, is a       wrong<\/p>\n<p>            which can be restrained by suit. It is also the<\/p>\n<p>            duty of the Court before admitting a winding<\/p>\n<p>            up petition, especially one brought by a<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                25<\/span><\/p>\n<p>         contributory, to satisfy itself that there are<\/p>\n<p>         prima facie grounds, and it is well-settled that<\/p>\n<p>         even after the Court has admitted a petition,<\/p>\n<p>         it can, on being moved for the purpose by the<\/p>\n<p>         company or some other interested person, stay<\/p>\n<p>         proceedings and revoke the admission.<\/p>\n<\/blockquote>\n<blockquote><p>               Rule 96 of the Companies (Court)Rules,<\/p>\n<p>         which deals with the admission of winding up<\/p>\n<p>         petitions and directions as to advertisement,<\/p>\n<p>         recognises this, for, it says that the judge may,<\/p>\n<p>         if he thinks fit, direct notice to be given to the<\/p>\n<p>         company before giving        directions as to the<\/p>\n<p>         advertisement of the petition-the hearing to be<\/p>\n<p>         given to the company is not for the purpose of<\/p>\n<p>         deciding the manner of the advertisement but<\/p>\n<p>         for deciding whether the advertisement should<\/p>\n<p>         be made at all and the petition proceeded with.<\/p><\/blockquote>\n<p>         (See in this connection Cercle Restaurant<\/p>\n<p>         Castiglione Co. v. Lavery (1881)18 Ch D 555 ,<\/p>\n<p>         In re A Co. (1894)2 Ch. 349, in the matter of<\/p>\n<p>         Pioneer Bank Ltd. ILR 39 Bom. 16: AIR 1914<\/p>\n<p>         Bom. 190) W.I. Theatres             v. Associated<\/p>\n<p>         Bombay Cinemas        Ltd. AIR 1959 Bom. 170,<\/p>\n<p>         Lord Krishna Sugar Mills Ltd. v. Smt. Abnash<\/p>\n<p>         Kaur, (1961) 31 Com. Cas. 587; (AIR 1961<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 26<\/span><\/p>\n<p>            Punj 505) and Charles Forte Investments Ltd.<\/p>\n<p>            v. Amanda, (1963) 3 WLR 662).\n<\/p>\n<p>            In fact the maintainability of the application<\/p>\n<p>            made by the Company is not questioned, nor is<\/p>\n<p>            it suggested that I would be wrong in hearing<\/p>\n<p>            the company before deciding        whether the<\/p>\n<p>            winding up petition should be admitted or not.&#8221;<\/p>\n<p>      24. From the above decision, it is very much clear that<\/p>\n<p>the admission of a Company Petition is not a bar for hearing the<\/p>\n<p>&#8216;jurisdiction\/maintainability&#8217;. More so, when the very order dated<\/p>\n<p>01.01.2009 passed by the learned Judge of this Court, at the<\/p>\n<p>time of admitting the matter, was specific and qualified as dealt<\/p>\n<p>with hereinbefore.\n<\/p>\n<p>      25. Mr.N.N. Sugunapalan, learned Sr. Counsel appearing<\/p>\n<p>for the third respondent, besides supporting the contentions<\/p>\n<p>raised from the part of the first and second respondents, placed<\/p>\n<p>reliance on the decision rendered by this Court in       <a href=\"\/doc\/1030347\/\">Palghat<\/p>\n<p>Exports Pvt. Ltd. vs. T.V. Chandran (Ker.<\/a> )          [(1994) 79<\/p>\n<p>Comp. Case 213] where it was held:\n<\/p>\n<blockquote><p>            (i) that even a company which was not doing<br \/>\n      business could form the subject matter of      action<br \/>\n      under section 397 and 398 of the Act;<\/p>\n<\/blockquote>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                27<\/span><\/p>\n<p>          (ii) that merely on conduct of the Directors in<br \/>\n     misappropriating the funds of the company an order<br \/>\n     for winding up the company would not be just and<br \/>\n     equitable. In addition to such misconduct     further<br \/>\n     circumstances must exist which render it desirable<br \/>\n     in the interest of share holders that the company<br \/>\n     should be wound up; and\n<\/p>\n<p>          (iii)  that Section 397 of the Companies Act<br \/>\n     1956 is intended to     avoid winding up      and to<br \/>\n     mitigate and alleviate     oppression. Relief under<br \/>\n     section 397 of the Act is geared to help the members<br \/>\n     who were oppressed. Relief under Section 398 of the<br \/>\n     Act is geared to save the company and it is in the<br \/>\n     interest of the Company       alone and not of any<br \/>\n     particular member\/members. Oppression is the core<br \/>\n     element to be proved and the nature of the<br \/>\n     oppression to be tested in the context of the &#8220;cause<br \/>\n     for winding up&#8221;. Courts have to decide on the facts<br \/>\n     of each case as to whether there is a real cause of<br \/>\n     action under Sections 397 and 398 of the Act.<\/p>\n<p>The   learned Sr. Counsel also placed reliance on the decision<\/p>\n<p>rendered by a Division Bench of the Bombay High Court [Panaji<\/p>\n<p>Bench (Goa)] in      Daulat Makanmal Luthria v. Solitaire<\/p>\n<p>Hotels [(1993) 76 Company Cases 215]. In the judgment<\/p>\n<p>rendered by Mr. K. Sukumaran (J), on behalf of the Bench , it has<\/p>\n<p>been specifically noted that a winding up has to be resorted to,<\/p>\n<p>only when the other means of healing an ailing Company are of<\/p>\n<p>absolutely no avail.     When remedies      are provided by the<\/p>\n<p>Statute for matters concerning the management and running of<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                28<\/span><\/p>\n<p>a Company, the extreme and irretrievable step of &#8216;winding up&#8217;<\/p>\n<p>must be resorted to, only in very compelling circumstances.<\/p>\n<p>      26. Mr. Mohan Pulikkal, the learned Counsel appearing for<\/p>\n<p>the 5th respondent submits that the petitioners are totally<\/p>\n<p>incompetent to prefer    the Petition,  in view of the mandate<\/p>\n<p>under section 439 of the Act.   A person intending to prefer an<\/p>\n<p>application to wind up,     has to be    a person coming under<\/p>\n<p>Section 439.   It is submitted by the learned Counsel that the<\/p>\n<p>petitioners do not come in any of the categories (a) to (g) of<\/p>\n<p>sub section (1) of Section 439.     It is also asserted that the<\/p>\n<p>petitioners do not constitute &#8216;contributories&#8217; as envisaged under<\/p>\n<p>Section 439(1)(c) , in view of the specific definition of the term<\/p>\n<p>&#8220;contributory&#8221; as given under Section 428, pointing out that, in<\/p>\n<p>the instant case, the first respondent is &#8216;not limited by shares&#8217;<\/p>\n<p>but by &#8216;guarantee&#8217;. Interference is sought to be declined, also<\/p>\n<p>referring to the decision rendered by this Court In re SNDP<\/p>\n<p>Yogam, Quilon (1970 KLT 365).\n<\/p>\n<p>      27. Mrs. Nalini Chidambaram, learned Sr. Counsel for the<\/p>\n<p>petitioners, in response to the above submissions, referred to<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                29<\/span><\/p>\n<p>Sections 3 and 7 of the Kerala Non Trading Companies Act 1961,<\/p>\n<p>which are stated as very much applicable to the first respondent<\/p>\n<p>&#8216;Yogam&#8217; and asserted that,    by virtue of the specific stipulation<\/p>\n<p>that the provisions of the Companies Act are to be taken with<\/p>\n<p>modifications as specified, the members of the first respondent<\/p>\n<p>are very much entitled to      prefer the Company Petition and<\/p>\n<p>whether the petitioners are &#8216;contributories&#8217; or not is not relevant.<\/p>\n<p>Mr. Rajan Bau, the learned Counsel appearing for some of the<\/p>\n<p>respondents submits that applicability of the Companies Act and<\/p>\n<p>the extent of the modification are       specifically dealt with in<\/p>\n<p>Section 3 itself and that the modification could only be to the<\/p>\n<p>extent as specified in the Schedule and nothing more.        In any<\/p>\n<p>view of the matter, this does not appear to be an essential issue<\/p>\n<p>to decide the fate of the present case, in view of the other<\/p>\n<p>more glittering grounds .\n<\/p>\n<p>     28. The 7th respondent , Registrar of Companies has filed a<\/p>\n<p>Report, pursuant to the Order dated 12.02.2009 passed by this<\/p>\n<p>Court, stating that    three members of the first respondent<\/p>\n<p>&#8216;Yogam&#8221; had moved a petition under Section 399(4) of the Act<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 30<\/span><\/p>\n<p>before the Central Government (Ministry of Corporate Affairs,<\/p>\n<p>New Delhi), seeking permission\/sanction from the Central<\/p>\n<p>Government for making an application before the Addl. Principal<\/p>\n<p>Bench of the Company Law Board at Chennai for the relief under<\/p>\n<p>Section 397\/398 of the Act      and that,    after considering the<\/p>\n<p>same, the      Central Government observed that the           first<\/p>\n<p>respondent &#8216;Yogam&#8217; was deemed to be incorporated under the<\/p>\n<p>provisions of the Kerala Non Trading Companies Act, 1961 and<\/p>\n<p>therefore the petition filed before the Central Government    was<\/p>\n<p>dismissed   being non-admissible     under the provisions of the<\/p>\n<p>Companies Act       1956, but with liberty to approach the<\/p>\n<p>Government of Kerala for remedy under the relevant provisions<\/p>\n<p>of the Kerala Non Trading Companies Act 1961, vide Annexure<\/p>\n<p>R7(1) order dated 23.08.2005.        It is also pointed out in the<\/p>\n<p>said report that the 7th respondent had received an application<\/p>\n<p>from the first respondent       to transfer the records of the<\/p>\n<p>Company, kept in the office,       to the office of the Inspector<\/p>\n<p>General of Registration, Thiruvananthapuram as per Section 6<\/p>\n<p>of the Kerala Non Trading Companies Act, 1961, vide Annexure<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 31<\/span><\/p>\n<p>R7(2) application dated 02.10.2005. The matter was taken up<\/p>\n<p>with    the Ministry of Corporate Affairs, New Delhi and on<\/p>\n<p>obtaining Sanction, vide letter dated 23.11.2007 [Annexure R7<\/p>\n<p>(3)], all the records of the Company(1st respondent Yogam) were<\/p>\n<p>transferred to the Inspector General of Registration, Government<\/p>\n<p>of Kerala, Vanchiyoor, Thiruvananthapuram on 16.01.2009, vide<\/p>\n<p>Annexure R7(4). It has been further pointed out in paragraph<\/p>\n<p>No.5 of the said Report     dated 27.02.2009 that no return has<\/p>\n<p>been filed by the subject Company subsequent to the transfer of<\/p>\n<p>the entire records to the Inspector General of Registration on<\/p>\n<p>16.01.2009 and that the Balance Sheet filed by the Company<\/p>\n<p>was made upto 31.03.1999, which was filed in the office on<\/p>\n<p>02.07.2001.\n<\/p>\n<p>      29. In the above facts and circumstances, particularly in<\/p>\n<p>view of availability of other efficacious alternate remedy for the<\/p>\n<p>petitioners and in view of the clear mandate under sub section<\/p>\n<p>(2) of Section 443 and further in view of the law declared by the<\/p>\n<p>Apex Court in <a href=\"\/doc\/51741\/\">Hind Overseas Private Limited vs Raghunath<\/p>\n<p>Prasad Jhunjhunwalla and<\/a> another (1976 (3) SCC 259)<\/p>\n<p>C.P. No. 40 OF 2008<\/p>\n<p><span class=\"hidden_text\">                                 32<\/span><\/p>\n<p>as well as by the Division Bench of this Court and other High<\/p>\n<p>Courts (cited supra), interference in the Company Petition is<\/p>\n<p>declined and it is held that the Company Petition is not<\/p>\n<p>maintainable.\n<\/p>\n<p>      30. It is made clear that this Court has not gone into the<\/p>\n<p>merits or as to the sustainability      of the factual contentions<\/p>\n<p>raised from the part of the petitioners in any manner and the<\/p>\n<p>dismissal of the Company Petition will not bar the way of the<\/p>\n<p>petitioners in resorting to other appropriate alternative remedy<\/p>\n<p>for redressal of their grievances.\n<\/p>\n<p>      The Company Petition is dismissed accordingly.<\/p>\n<p>                                  P.R. RAMACHANDRA MENON,<br \/>\n                                          JUDGE.\n<\/p>\n<p>lk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kerala High Court Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana &#8230; on 14 September, 2009 IN THE HIGH COURT OF KERALA AT ERNAKULAM Co.Pet.No. 40 of 2008() 1. SRI.VAMADEVAN.N. AND OTHERS &#8230; Petitioner Vs 1. SREE NARAYANA DHARMA PARIPALANA YOGAM &amp; &#8230; Respondent For Petitioner :SRI.S.RAJEEV For Respondent :GOVERNMENT PLEADER The Hon&#8217;ble MR. Justice [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,21],"tags":[],"class_list":["post-54927","post","type-post","status-publish","format-standard","hentry","category-high-court","category-kerala-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana ... on 14 September, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana ... on 14 September, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009\" \/>\n<meta property=\"og:site_name\" content=\"Free Judgements of Supreme Court &amp; High Court | Legal India\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2009-09-13T18:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-09-20T20:00:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@legaliadmin\" \/>\n<meta name=\"twitter:site\" content=\"@Legal_india\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"28 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009\"},\"author\":{\"name\":\"Legal India Admin\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\"},\"headline\":\"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana &#8230; on 14 September, 2009\",\"datePublished\":\"2009-09-13T18:30:00+00:00\",\"dateModified\":\"2018-09-20T20:00:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009\"},\"wordCount\":5509,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"articleSection\":[\"High Court\",\"Kerala High Court\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009\",\"name\":\"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana ... on 14 September, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\"},\"datePublished\":\"2009-09-13T18:30:00+00:00\",\"dateModified\":\"2018-09-20T20:00:44+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana &#8230; on 14 September, 2009\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"name\":\"Free Judgements of Supreme Court & High Court | Legal India\",\"description\":\"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\"},\"alternateName\":\"Free judgements of Supreme Court & High Court of India | Legal India\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#organization\",\"name\":\"Judgements of Supreme Court & High Court | Legal India\",\"alternateName\":\"Legal India\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"contentUrl\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/wp-content\\\/uploads\\\/sites\\\/5\\\/2025\\\/09\\\/legal-india-icon.jpg\",\"width\":512,\"height\":512,\"caption\":\"Judgements of Supreme Court & High Court | Legal India\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/#\\\/schema\\\/person\\\/0bfdffe9059fb8bb24a86d094609c5ea\",\"name\":\"Legal India Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g\",\"caption\":\"Legal India Admin\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\",\"https:\\\/\\\/x.com\\\/legaliadmin\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/judgments\\\/author\\\/legal-india-admin\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana ... on 14 September, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009","og_locale":"en_US","og_type":"article","og_title":"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana ... on 14 September, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India","og_url":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009","og_site_name":"Free Judgements of Supreme Court &amp; High Court | Legal India","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2009-09-13T18:30:00+00:00","article_modified_time":"2018-09-20T20:00:44+00:00","og_image":[{"width":512,"height":512,"url":"https:\/\/i0.wp.com\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg?fit=512%2C512&ssl=1","type":"image\/jpeg"}],"author":"Legal India Admin","twitter_card":"summary_large_image","twitter_creator":"@legaliadmin","twitter_site":"@Legal_india","twitter_misc":{"Written by":"Legal India Admin","Est. reading time":"28 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009"},"author":{"name":"Legal India Admin","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea"},"headline":"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana &#8230; on 14 September, 2009","datePublished":"2009-09-13T18:30:00+00:00","dateModified":"2018-09-20T20:00:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009"},"wordCount":5509,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"articleSection":["High Court","Kerala High Court"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009","url":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009","name":"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana ... on 14 September, 2009 - Free Judgements of Supreme Court &amp; High Court | Legal India","isPartOf":{"@id":"https:\/\/www.legalindia.com\/judgments\/#website"},"datePublished":"2009-09-13T18:30:00+00:00","dateModified":"2018-09-20T20:00:44+00:00","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/judgments\/sri-vamadevan-n-and-others-vs-sree-narayana-dharma-paripalana-on-14-september-2009#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/judgments\/"},{"@type":"ListItem","position":2,"name":"Sri.Vamadevan.N. And Others vs Sree Narayana Dharma Paripalana &#8230; on 14 September, 2009"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/judgments\/#website","url":"https:\/\/www.legalindia.com\/judgments\/","name":"Free Judgements of Supreme Court & High Court | Legal India","description":"Search and read the latest judgements, orders, and rulings from the Supreme Court of India and all High Courts. A comprehensive database for lawyers, advocates, and law students.","publisher":{"@id":"https:\/\/www.legalindia.com\/judgments\/#organization"},"alternateName":"Free judgements of Supreme Court & High Court of India | Legal India","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/judgments\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/judgments\/#organization","name":"Judgements of Supreme Court & High Court | Legal India","alternateName":"Legal India","url":"https:\/\/www.legalindia.com\/judgments\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/","url":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","contentUrl":"https:\/\/www.legalindia.com\/judgments\/wp-content\/uploads\/sites\/5\/2025\/09\/legal-india-icon.jpg","width":512,"height":512,"caption":"Judgements of Supreme Court & High Court | Legal India"},"image":{"@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/judgments\/#\/schema\/person\/0bfdffe9059fb8bb24a86d094609c5ea","name":"Legal India Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4faa9d728ed1af3b73d52225c7f12901ac726fe6f7ea0a3348a1d51f3a930987?s=96&d=mm&r=g","caption":"Legal India Admin"},"sameAs":["https:\/\/www.legalindia.com","https:\/\/x.com\/legaliadmin"],"url":"https:\/\/www.legalindia.com\/judgments\/author\/legal-india-admin"}]}},"modified_by":null,"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/54927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/comments?post=54927"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/posts\/54927\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/media?parent=54927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/categories?post=54927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/judgments\/wp-json\/wp\/v2\/tags?post=54927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}