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2012 (2) TMI 398 - KARNATAKA HIGH COURT
Mainstay Teleservices (P.) Ltd. Versus Iwire Network Designs (P.) Ltd.
Companies Act 1956 - Petition filed u/s 433(e) & (f), 434 & 439 of Companies Act, 1956 seeking to wind up the Respondent-Company – non-payment of debt – Held that:- Petitioner has entered into transactions with the respondent Company and the respondent Company has been unable to pay its dues to the petitioner and therefore the respondent Company has made itself liable to be wound up – Decided in favor of petitioner.