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Case Law Details

Case Name : Smt. Premvati & Ors. V. Smt. Bhagwati Devi & Ors. (Delhi High Court)
Related Assessment Year :
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Relevant Extract

Originally the ancestor of the plaintiffs and the defendants, namely, B had started a proprietary concern. His son constituted six private limited companies and registered them under the Companies Act, 1956, and all the shareholders of these companies being the heirs of the late B, the companies were family concerns. The Defendants Nos. 2 to 6 started defendants Nos. 7 to 12 companies out of the funds of the original concern.

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