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TMI Blog2004 (8) TMI 397X X X X Extracts X X X X X X X X Extracts X X X X ..... e entire material available on the record of the petition. 2. This is the Company Petition under sections 433(e) and 434 of the Companies Act, 1956 filed by the petitioner-company with a prayer that the respondent-company M/s. Magan Roller Flour Mills Private Limited be wound up under the provisions of section 443 of the Companies Act, 1956. 3. Having heard learned counsel for the petitioner-com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gory of creditors. But that remedy has deliberately not been availed of. The reason is very obvious. In a suit under Order 37 of the CPC a litigant has to pay heavy court fees. In the petition it is only a nominal court fees. The claim of the petitioner company against the respondent-company is of Rupees eighty-five lakhs. 4. Be that as it may I find that a cheque of rupees eighty-five lakh was t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1,22,40,055 (Rupees one crore twenty-two lakhs forty thousand and fifty-five only) plus accrued interest till date which amounted to Rs. 74,36,587 (Rupees seventy-four lakhs thirty-six thousand five hundred eighty-seven only), both aggregating to a sum total amount of Rs. 1,95,72,015 (Rupees one crore ninety-five lakhs seventy-two thousand & fifteen only). The said legal notices were sent by regi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dated 9-3-2004, addressed to various Authorities at Jaipur, Mumbai and Delhi, including the Petitioner herein as a 'related creditor' at Jaipur/Mumbai, the Chairman & Managing Director of the respondent-Company has apologized and put on record his financial irregularities for non-payment of various debts and business liabilities, including that of the Petitioner above named for his legitimate and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be taken to be refusal, nor it is taken that the notice has been delivered and served upon the respondent. Where on the registered AD it was endorsed that the petitioner had left the above address, it was the duty of the petitioner to find out the correct address of the respondent and then to send the proper notice. 8. Taking into consideration this aspect of the matter and the provisions of sec ..... X X X X Extracts X X X X X X X X Extracts X X X X
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