In Dr N B Parulekar and his wife Shanta started a Newspaper called Sakal In Dr Parulekar and Shanta promoted a company known as M s Sakal Papers Pvt Limited ... which is the respondent No and is referred to hereafter as the company Dr Parulekar died in Shanta died during the pendency of the appeal before this Court The appeal which is now being prosecuted by the daughter of Dr Parulekar and Shanta arises out of proceedings initiated by Shanta and the appellant under Section as it stood in of the Companies Act referred to hereafter as the Act in the Bombay High Court

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