1998 (9) TMI 468

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..... ce that the shares pledged have been received by the petitioners and as such they are entitled to set off the said amount. Secondly, it is contended that after the statutory notice under section 434 of the Companies Act, 1956 was served there has been novation of contract inasmuch as a fresh arrangement was entered into and as such the notice earlier given cannot be the basis for the present windi .....

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..... d by the company. I have therefore, rejected the submission of the learned counsel and have taken the said affidavit in rejoinder on record. 4. In the light of that, the following order : Petition is admitted. Fixed for hearing on 4-12-1998. To be advertised in Free Press Journal, Janmabhoomi and Maharashtra Government Gazette. Petitioner to deposit Rs. 1,000 with the Prothonotary and Senio .....

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