9911796707
TMI Blog1987 (3) TMI 419X X X X Extracts X X X X X X X X Extracts X X X X ..... suit against the petitioner and respondent No. 3 for the recovery of Rs. 1,50,000 on account of the goods supplied to the petitioner as marketing director of M/s. Edison Craft Pvt. Ltd. The company has admittedly gone under liquidation. The defendants, therefore, moved an application that the suit was liable to be stayed under section 446 of the Companies Act which provides that no suit can be in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that the defendants are not liable, the suit would be dismissed but that would be no ground to stay the suit under section 446 of the Companies Act. The application was, therefore, wholly misconceived and rightly dismissed. The revision is accordingly dismissed. No order as to costs. The parties through their counsel are directed to appear in the trial court on April 8, 1987. - - TaxTMI - TM ..... X X X X Extracts X X X X X X X X Extracts X X X X
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