1981 (7) TMI 164 - HC - Companies Law

Summary

The petition under section 433(e) and (f) read with section 439(1)(b) of the Companies Act, 1956 was filed for winding up the respondent-company due to unpaid debts of Rs. 22,920.53 for stationery supplied. The respondent claimed fraud and financial soundness, leading the court to reject the petition, suggesting the petitioner pursue the matter in a civil court.