1991 (9) TMI 255

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..... is a matter under section 433( e ) of the Companies Act, 1956, for winding up Timble Pvt. Ltd. I have heard learned counsel for quite some time. The amount of Rs. 3,86,677.93 which is averred to be due by the company is seriously disputed by the company. Shri Aras, learned counsel for the petitioner, indeed contended that the principal amount due is to the extent of Rs. 75,574.46 and the sum of .....

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..... hat is due to the petitioner is a sum of Rs. 73,952.66 only. In view of the deficiency in the petition and in the absence of particulars starting from the statutory notice under section 434 and more particularly no averment that the company is commercially insolvent and otherwise is unable to pay the debts, in my view, the only fit order that I can make is to direct the company to pay the amount o .....

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