9911796707
TMI Blog2012 (2) TMI 240X X X X Extracts X X X X X X X X Extracts X X X X ..... ng to wind up the Respondent-Company, which is incorporated under the Companies Act, 1956 and having its office at 16/2, OVH Road, Basavanagudi, Bangalore-560 004. 2. It is contended in the petition that the petitioner was an employee of the Respondent-Company and that the Respondent-Company was running its business as per the Memorandum of Association & Articles of Association of the Company aft ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a compensation of Rs. 12,500/- per month all inclusive effective 16.7.2001. 4. The time required to be spent by you on the above matters will be to the extent of approximately 4 - 5 days in a month depending on our needs. 5. In the event you are required to handle any matter for the company outside the corporate office, actual out of pocket conveyance expenses incurred fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntending inter alia that the claim is time barred. 6. Heard Sri C.K. Nandakumar, learned Counsel for the Petitioner regarding admission and Sri Premnath Rai, learned Counsel for the Respondent. 7. It is contended by the Counsel for petitioner that by letters and emails dated 25.9.2007; 18.3.2008; 22.7.2008; 8.9.2008 and 4.10.2008, there has been a clear admission of liability by the Managing Dir ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er was due i.e., from 1.7.2002. 9. In view of the aforesaid legal position, the documents of alleged acknowledgement of liability produced by the petitioner which are dated 25.9.2007 onwards do not constitute an acknowledgement of liability and -therefore, the petitioner has not proved that there is any debt enforceable against the Respondent and hence, the petitioner has not made out any ground ..... X X X X Extracts X X X X X X X X Extracts X X X X
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