Supreme Court of India
Mis. John Tinson and Co., Pvt. Ltd. and Ors. Etc. v. Mrs. Surjeet Malhan and Anr. Etc.
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From the headnote
Contract Act, 1872: S. 25(1)-Shares in the name of wife-Husband transferring the shares to third party without wriUen authority from wife-Held: Plea of Implied consent rejected-Transfer invalid-Transfer for a considera tion of Re. 1 only-In the eye of law, this is no consideration and hence the trans[ er agreement itself is void. Balloishan Gupta v. Swadeshi Polytex Ltd., [1985] 2 SCC 167, distin guished .. Vasudev Ramchandra Shelat v. Pranlal Jayanand 1)1akar & Ors., [1974] 2 SCC 323 & M.P. Barucha v. W.…
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