On June 10, 1960, the company replied to this letter and reiterated that the company had not received some important documents including the minute books, from its previous directors and that his letter would be dealt with as soon as the books were received. On May 17, 1960, A.C.K. Krishnaswami made a similar demand for Rs. 11,620 in respect of 166 shares held by him on December 30, 1959. On the same date he demanded Rs. 6,300 in respect of 90 shares held by Factors Private Limited on December 30, 1959. On May 24, 1960, the managing director of the appellant-company replied to A.C.K. Krishnaswami demanding the return of minute books and other documents which were with him. By another letter addressed to A.C.K. Krishnaswami, Parasrampuria claimed that the 216 shares were purchased by him with the right to receive any dividend due on them and that the price included the consideration for the amount of this dividend. A.C.K. Krishnaswami denied by his letter dated May 25, 1960, that he had sold or otherwise made over the right to receive any money on the shares He claimed from the company that the dividend, as declared on December 30, 1959, be paid to him. By letter dated May 27, 1960, Krishnaswami returned a number of documents but kept back the minute books containing entries from February 23, 1948, to 29, 1955, on the ground that he required it for his income-tax reference. The managing director complained to Krishnaswami against his withholding the minute books stating that these minute books were required for the company's management every now and then and that these were required for examining certain complaints made against certain directors and also examining the claims of certain shareholders for dividend. On June 10, 1960, Parasrampuria reiterated that he had bought the shares with all rights and liabilities attached to them, especially the dividend declared and not paid. He said that he had verified the position from Radheshyamji, who said that the price of Rs. 800 definitely included consideration for the dividend in question.