1987 (3) TMI 419 - HC - Companies Law

Summary

The High Court dismissed the application to stay a suit for recovery of Rs. 1,50,000 against the petitioner and another under section 446 of the Companies Act. The court ruled that the suit was not against the company and therefore not liable to be stayed. Civil Revisions were dismissed, and parties were directed to appear in the trial court on April 8, 1987.