Supreme Court · 2021 INSC 228 · Decided 6 April 2021
Shital Fibers LTD. v. Indian Acrylics Limited
- Court
- Supreme Court of India
- Citation
- 2021 INSC 228 · [2021] 4 S.C.R. 203
- Case number
- CIVIL APPEAL No. 1105/2021
- Decided
- 6 April 2021
- Bench
- R.F. NARIMAN, BHUSHAN RAMKRISHNA GAVAI, HRISHIKESH ROY (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 433, 434
Headnote
Companies Act, 1956: ss. 433, 434 - Circumstances in which company may be wound up by the court - On facts, company petition seeking winding up of the appellant-defaulter company for its inability to pay admitted debts - Company tribunal however gave another opportunity to the to the respondent and in case of failure, citation was to be published - In appeal, the High Court stayed the publication of the admission notice subject to the appellant paying the outstanding amounts to the respondent and appellant paid the outstanding amounts, and there being no
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)