Reviewed case brief
Lakshmi Ratan Engineering Works Ltd v Asstt Registrar, Firms, Societies & Chits
AIR 1968 All 396
The Allahabad High Court applied the Turquand rule in India, holding that debenture holders who dealt with the company in good faith were protected even though the company had passed an ordinary resolution instead of the required special resolution.
- Court
- Allahabad High Court
- Year
- 1968
- Subjects
- Company Law
- Reviewed
- 2026-06-30
Rule established
The Turquand rule (doctrine of indoor management) applies in India; debenture holders are protected even if the company passed a wrong type of resolution
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
All India Reporter
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.