2005 (4) TMI 312

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..... respondent M/s. Jaipur Udyog Limited, PNB Building, Third Floor, 5, Parliament Street, New Delhi (hereinafter shall be referred to as the respondent Company ). 2. The ground pleaded for winding up of the respondent Company is that the respondent Company is not making the payment of the dues of its employees. It is difficult to appreciate the winding up petition by the applicants for recovery .....

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..... ges Act, for recovery thereof by sale of the property of the employer, here the respondent Company. 4. Leaving apart whether the due wages of the workers of the respondent Company is a debt or not, otherwise also this petition is not maintainable as the petitioners have not made compliance of statutory provisions of section 434 of the Companies Act, 1956. Even where document Annexure-5 is take .....

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