2003 (1) TMI 524

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..... on the ground covered under section 433( e ) of the Companies Act. It is the case of petitioner that their money dues are outstanding on the respondent - company and despite the demand made and statutory notice served as required under section 434 of the Act on the respondent company, the same not having been paid, the need to file this company petition under section 433( e ) of the Act i.e. on .....

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..... ce. It is registered as Company Petition No. 26 of 2002. It is pending for passing final winding up order in relation to respondent company. 3. In view of aforesaid admitted fact namely that a proceedings for passing final winding up orders in relation to respondent company are pending and the same are being examined by this court, there is no point in entertaining this petition, nor there is .....

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..... O.L. as and when called upon to do so for verification against the respondent - company. Such course is legal and in confirmity with the procedure prescribed under the Companies Act. There is no prejudice caused to the petitioner by disposal of this petition because their rights in relation to claim against the respondent company is fully secured by this Court. 5. It is with these observation .....

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