Reviewed case brief
Lakshmanaswami Mudaliar v LIC of India
AIR 1963 SC 1185
AIR 1963 SC 1185 · Supreme Court of India
- Court
- Supreme Court of India
- Year
- 1963
- Subjects
- Company Law
- Reviewed
- 2026-08-02
Rule established
Distinguished ultra vires the COMPANY (void) from ultra vires the DIRECTORS (voidable); acts within objects but beyond directors' authority are merely irregular, not void
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
AIR 1963 SC 1185
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.