1991 (10) TMI 252

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..... Gopala Hedge for the Respondent. JUDGMENT S. Rajendra Babu, J . This application is filed by a creditor of the second respondent-company which is now ordered to be wound up. The circumstances in which the petition for winding up came to be filed are that the first respondent in this application had supplied and delivered three rubber lined tanks to the second respondent herein. The va .....

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..... e creditor who had sought winding up of the second respondent-company. In the circumstances, when the company is in a position to pay off the debts by it and no other creditor having come up in support of the winding up, it is appropriate that the order dated July 4, 1991, made in Company Petition No. 78 of 1989 is recalled. Ordered accordingly. Learned counsel for the first respondent, who is .....

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