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    <title>1960 (11) TMI 55 - HIGH COURT OF CALCUTTA</title>
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    <description>Refusal to accept a properly addressed statutory demand sent by registered post constitutes effective service under section 434(1)(a) of the Companies Act, 1956, because the presumption arising from registered post and refusal is sufficient unless rebutted. A decree debt also remains available as a winding-up foundation despite a pending appeal or a cross-claim, unless execution of the decree is stayed. On these principles, the notice was treated as duly served and the decree debt was not displaced, so the winding-up order was maintained.</description>
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    <pubDate>Wed, 30 Nov 1960 00:00:00 +0530</pubDate>
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      <description>Refusal to accept a properly addressed statutory demand sent by registered post constitutes effective service under section 434(1)(a) of the Companies Act, 1956, because the presumption arising from registered post and refusal is sufficient unless rebutted. A decree debt also remains available as a winding-up foundation despite a pending appeal or a cross-claim, unless execution of the decree is stayed. On these principles, the notice was treated as duly served and the decree debt was not displaced, so the winding-up order was maintained.</description>
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