Supreme Court · 1971 INSC 299 · Decided 29 October 1971
Madhusudan Gordhandas & CO. v. Madhu Woollen Industries PVT. LTD.
- Court
- Supreme Court of India
- Citation
- 1971 INSC 299 · [1972] 2 S.C.R. 201
- Case number
- CIVIL APPEAL No. 1113/1970
- Decided
- 29 October 1971
- Bench
- A.N. RAY, D.G. PALEKAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 557
Headnote
Companies Act (1 of 1956), ss. 433(c) and 557-Principles for ordering winding up of company. The appellants filed a petition for winding up of the respondent com­ pany, on the grounds : (1) that the company was unable to pay the debts due to the appellants, (2) that the company showed their smaller amount, ( 3) that the company was indebted to other creditors, ( 4) that the company we.• effecting an unauthorised sale of its machinery, and (5) that the company bad incurred losses and stopped functioning, and therefore the substra­ tum of the cl,\npany disappeared and
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)