A company from the State Z flouted an advertisement and issued subscripttion Form for deposit of money to repay with 6% interest on maturity after one year. The Form was issued to the depositors through the company's agents in State Y by the depositors and after collection by the agent of the Comopny from the depositors in State Y, and the agent deposited the money in the Company's branch in the State Z. The company disappeared with huge amount of about one crore from the State Y depositors. Question is which State has Jurisdiction to try the case against the company. State Z where the Company Office is located and the Dirtectors resides, or the State Y where the depositors resides? Thanking you all in advance.
