In this case written statements were filed by defendants admitting the case of the plaintiffs that the properties were the properties of partnership firm and therefore, the court ought to have held that the suit for partition in respect of partnership properties is not maintainable. MADRAS-600021. 37. No. Syed Nizamuddin Beedi Manufacturers Private Limited is a Private incorporated on 03 December 1984. Changes in shareholding position of promoters and top ten shareholders. 1 to substantiate their case and considering the documents filed on behalf of the plaintiffs and the evidence of P.W.I, the trial court has rightly passed the decree. Its authorized share capital is Rs. Manufacture of bidi. Sufiya is the daughter of Syed Nizamuddin who is a wealthy businessman in Chennai. He further submitted that in paragraph No. 39. TN 600021 IN, 92,G.A.ROAD,MADRAS-600021 MADRAS-600021 MADRAS-600021 TN 600021 IN, 7,BALU MUDALI STREET,MADRAS-600021 MADRAS-600021 MADRAS-600021 Chennai TN 600021 IN, 2,ROBINSAR PARK COLONYWASHARMENPET MADRAS-600021 WASHARMENPET MADRAS-600021 WASHARMENPET MADRAS-600021 Chennai TN 600021 IN, 74,MC,ROAD,MADRAS 600 02174,MC,ROAD,MADRAS 600 021 74,MC,ROAD,MADRAS 600 021 74,MC,ROAD,MADRAS 600 021 TN 600021 IN, NO.5,TELUGU CHETTY ST,MADRAS-600021 MADRAS-600021 Chennai TN 000000 IN, 6,KOTHANDARAMAN STREET,2ND LANE,OLD WASHERMENPET, MADRAS-600021 MADRAS-600021 Chennai TN 000000 IN, I FLOOR, NO. Get 1 point on providing a valid sentiment to this 2579 of 1996 is also liable to be set aside. SYED NIZAMUDDEEN (BEEDI MANUFACTURERS (P) LTD.), 14,EAST MUTHIAH CHETTY LANE, MAS-21 CHENNAICHENNAI. 6971 of 1975 before VIII Assistant City Civil Judge, Madras, for dissolution of partnership and for taking of accounts and preliminary decree was passed on 26.04.1976 dissolving the firm the Rapid Industries and on 31.03.1977 a consent memo was filed by both parties for passing final decree. 11233 of 2004 in O.S. Syed Nizamuddin Beedi Manufacturers Private Limited is a Private incorporated on 03 December 1984. Conversion of public company into private company or private company into public company C.M.P. 7 it is also stated that the eldest son of two partners were inducted into the partnership firm and the new partnership deed was executed. Creating your profile on CaseMine allows you to build your network with fellow lawyers and prospective clients. Please log in or sign up for a free trial to access this feature. Further as held by the Hon'ble Supreme Court in the judgment in Balraj Taneja and Another v. Sunil Madan and Another (supra) when facts are disputed a duty is cast upon the court to give a finding in respect of those aspects even though the written statement is not filed by the defendants. No. Return of deposits Return in respect of buy back of securities For Respondents/Defendant: M.V. No. It is further stated that on 03.08.1953, Shaik and Syed commenced the business under the name and style of Rapid Industries and the properties purchased prior to the commencement of the partnership company were treated as the assets of the partnership firm and the two partners gave up their claims over the said properties and made those properties as partnership properties. Terms & Conditions contain important information about courts and cases covered, limitations of data and other important information. 28. Just click on the 'Update Information' button below to start the process. Registration of Debentures The marriage was purely an arranged marriage and Dulquer Salmaan’s family helped in selecting Sufiya as a bride. Rani Shanmugavalli Devi w/o Raja Ravu Rangamannar Krishnan Ranga Roa and new Partner Jeyaraj has contributed Rs. Conversion of public company into private company or private company into public company The defendants 1, 2, 4, 5, 7 to 10 in O.S. In this connection, it is pertinent to refer to the judgment of the Hon'ble Supreme Court in Balraj Taneja and Another v. Sunil Madan and Another, AIR 1999 SC 3381 : (1999) 8 SCC 396 : LNIND 1999 SC 781. It is stated that though the properties were purchased under three sale deeds dated 30.01.1947, 12.02.1947 and 29.05.1965 and acquired in the name of Shaik Ahamed and Syed, they were treated as assets of partnership firm. No. No. 1,000,000 and its paid up capital is Rs. 5 and 6 of the plaint, it has been specifically stated that 'A' schedule properties were jointly acquired by Shaik and Syed and they became the assets of Raja Cycle Company and the factory constructed in the land in Survey No. No. The trial court also held that the plaintiffs have got cause of action and answered the issue No. 18. or increase in share capital or increase in number of members It is further stated that on 05.02.1973 Rapid Industries was re-constituted with the induction of Mr. Jeyaraj S/o M.R. In paragraph No. 38. No. or increase in share capital or increase in number of members 11233 of 2004 in O.S. Therefore, the release deed was vitiated by fraud, deception, coercion, duress and undue influence and absolutely void and inoperative. 1 also admitted in evidence that immovable properties mentioned in 'A' schedule were purchased from and out of profit from Raja Cycle Company and that business was later converted into partnership firm and each of them were having equal share and factory was constructed in those properties and Rapid industries was a partnership firm. Shaik Ahmed. 254 of 2011 was filed by the respondents to receive certain documents as additional evidence and having regard to the finding given in the appeal those documents will not help the court to decide the controversy in issue therefore C.M.P. Interact directly with CaseMine users looking for advocates in your area of specialization. No. LTD., RAJMAHAL - GOPURAM BEEDIES,14, EAST MUTHIAH CHETTY LANE,CHENNAI685TN. The factory premises together with building and the adjoining residential office building is described in 'B' schedule. In any event, that would not affect the plaintiff's share in the assets of the said partnership business. Venkataseshan for T. Velumani. change. No. Boda Narayana Murthy and Sons v. Valluri Venkata Suguna and Others, AIR 1978 Andhra Pradesh 257 and in Lachhman Das and Another v. Mt. Application for Conversion of Public Company into Private Company Application form for change of name 6981 of 1975 and the various correspondence between the Government officials and the appellants in respect of the properties of Rapid Industries are relevant for the purpose of disposal of the appeal. Change of Company to LLP 2579 of 1996 is the appellant in Tr.A.S. عرض ملف Syed Nizamuddin الشخصي على LinkedIn، أكبر شبكة للمحترفين في العالم. The late Shaik Ahamed hereinafter referred to as Shaik and late Syed Fakruddin hereinafter referred to as Syed started business jointly and were doing the business in cycles, cycle spare parts under the name and style of Raja Cycle Company at Door No. Thereafter, I.A. The only objection raised by the respondents regarding the receipt of release deed dated 06.01.1972 was the document is unregistered and having regard to the judgment reported in Addanki Narayappa and Another v. Bhaskara Krishnappa (supra) and Jagatram Ahuja v. Commissioner Of Gift Tax, Hyderabad., Hyderabad (supra), there is no question of transfer of immovable properties when one partner release to another partner his right in the partnership assets and therefore, the document does not require registration and hence, the document is admissible in evidence. No. SYED NIZAMUDDEEN BEEDI MANUFACTURERS PVT. Registration Number. Even according to the plaintiffs, the partnership firm Raja Cycle Company was taken care of by Shaik and the Rapid Industries was taken care of by other partner Syed and Shaik executed release deed in respect of his share in the partnership firm and therefore, the suit was also barred by limitation. No. 4. No. 42. We will update the website after verifying the website address. The Rapid Industries was also not prospering well as expected and taking advantage of the ill-health of Shaik, Syed worked out his plans to ease out Shaik from business and his sister, who is the wife of Shaik, also supported him and Syed took absolute control of Rapid Industries and its properties and obtained release deed in January 1982 from Shaik releasing his rights in the partnership Rapid Industries and his assets. 30. 33. Only after the death of the mother of the plaintiffs, the' thirteenth defendant confessed about the fraudulent acts committed by his father-in-law late Syed to the plaintiffs and other members of the family and then only they came to know about the release deed alleged to have been executed by their father. 21. Currently Syed Abdul Wadood is not associated with any other company. A valid e-mail address. We make no warranties about accuracy of industrial classification. 600,000. contains alphabet). Therefore, the additional documents now sought to be produced would not advance the case of the plaintiffs and hence, the application in C.M.P. Further, in the judgment in Addanki Narayappa and Another v. Bhaskara Krishnappa (supra), it is held that interest of a partners in a partnership firm is in the nature of movable property and therefore, when a partner relinquishes his share in respect of his interest in the partnership property it does not require registration as there is no transfer of immovable property. The partnership firm the Rapid Industries ran into loses and Syed was not able to pay his creditors and they also threatened to initiate legal proceedings to declare him as insolvent and in such circumstances release deed was obtained between 1970 and 1972 and his father Shaik was bed ridden from 1970 till his death in August 1973 and the documents executed by Shaik purporting releasing his rights in the partnership business only for the limited purpose to establish that Shaik was having means and it was not his intention to release his right. SYED NIZAMUDDEEN BEEDI MANUFACTURERS PVT. 36. The suit in O.S. They also came to know that the eighteenth defendant was one of the creditors and they took steps for recovery of money by sealing the schedule factory building with the machineries and accessories in the factory and the first defendant borrowed a sum of Rs. 17. Filing of financials *Industry classification is derived from National Industrial Classification. No. The plaintiffs father prevailed over the first defendant's father namely Syed to dissolve the firm Rapid Industries and Liberty Enterprises and accordingly the firm was dissolved on 30.12.1971 and new partnership was entered into between Shaik and Syed on 31.12.1971 to carry on the business in the name and style of Rapid Industries. That judgment is also not relevant to decide the point for consideration in these appeals. Bee Bee Jan was the sister of Syed Fakruddin and therefore, Syed Fakruddin was the brother-in-law of A.R.
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