2000 (7) TMI 895

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..... gh for the respondent-company. 2. A-3 is the petition by the petitioner under sections 433 and 434 of the Companies Act, 1956 for the winding up of the respondent company. The petitioner is an unsecured creditor. The respondent-company allegedly owes to it a sum of Rs. 6 lakhs, besides interest, as stated in paragraph 6 of the petition. It appears from to the petition that through this letter, .....

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..... The learned counsel for the respondent-company is present, but has nothing to say. 3. In view of the above facts, it is established that the respondent-company is unable to pay its debt due to the petitioner. Therefore, this petition is allowed. The respondent-company Techinvest India (P.) Ltd. having its registered office at BHEL Industrial Estate, Ranipur, Haridwar is ordered to be wound up. .....

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