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2006 (5) TMI 189 - SC - Indian LawsWhether a suit for specific performance of contract will be barred by limitation or not? - Held that:- Appeal dismissed. Execution of the agreement was not denied by us, even in the absence of resolution the contract could not have been to be invalid or illegal. So far as the question of putting up of the seal of the company is concerned, it is a relic of the days when mediaeval barons, who could not read or write, used their rings to make a characteristic impress. Even in absence of a seal, the company may still be held to be liable having regard to the nature of transaction and the authority of those who had executed it. If the act of the directors is not ultra vires or no public policy is involved, the parties acting thereupon cannot be left at large.
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