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2011 (4) TMI 1208 - HC - Companies LawPetition rejected as being barred by law - petitioner is a company, incorporated under the laws of Netherlands and has its registered office at Amsterdam, Netherlands, and its principal place of business is in the United Kingdom. Respondent Nos.1 and 2 are companies incorporated under the Companies Act, 1956. The petitioner and respondent No. 2 hold 24 per cent and 76 per cent respectively of the issued subscribed and paid-up equity capital of respondent No. 1 - respondent’s contention is that the petitioner, a foreign company, within the meaning of section 591(1)(a) of the Companies Act, 1956, has established a place of business in India, but has failed to comply with the provisions of section 592 and is, therefore, not entitled to institute the above petition in view of section 599 thereof – Held that;- application is, therefore, liable to be rejected on the ground that as the petitioner has not established a place of business in India, the provisions of section 599 do not apply. Company Application is dismissed
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