2002 (7) TMI 570 - HC - Companies Law

Summary

The High Court of Delhi dismissed the winding up petition due to a serious dispute about the privity of contract between the petitioner and respondent companies. The respondent demonstrated that the dues were not owed to the petitioner but to another company, M/s. Aqua and Power Controls. The petitioner did not proceed against M/s. Aqua and Power Controls, leading to the dismissal of the petition.