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2015 (6) TMI 1248 - HC - Companies LawWinding up of Company - restraint on company's Directors, Officers, Agents and Servants from disposing of the movable and immovable properties of the Company during the pendency and final disposal of this petition - HELD THAT:- From the facts and circumstances of the present case, it emerges that the invoices and ledger accounts were also produced for the materials supplied from time to time to the respondent company by the petitioner. The petitioner issued the statutory notice on 5.8.2013, which is duly served to the respondent company. Though the said notice was received by the respondent, no reply was given by the respondent and no payment was made as stated by the petitioner, and therefore, as per the provisions of the Companies Act, the respondent company shall be deemed to be unable to pay the debts. From the dispute raised by the respondent-company it can be said that such dispute is nothing but an after thought, and therefore, this court is of the opinion that the same cannot be termed as bonafide and reasonable dispute - this Court is left with no option, but to admit this petition - Petition admitted.
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