2003 (1) TMI 523 - HC - Companies Law

Summary

The High Court of Madhya Pradesh dismissed a company petition filed by a creditor under section 433(e) of the Companies Act, as the respondent company was declared a sick industrial company and referred for winding up. The court stated that the creditor must now prove their claim before the Official Liquidator in the winding up proceedings. The petition was disposed of without costs.