https://www.taxtmi.com/caselaws?id=101334 The court addressed the maintainability of a joint petition by a creditor and shareholders/directors under sections 433 and 434 of the Companies Act. Emphasizing compliance with procedural rules, the court highlighted the need for proper verification and support for allegations. Referencing past legal precedents, the court directed the petition to be amended to focus solely on the creditor's claims, listing it for admission on merits at a later date. The judgment underscored the importance of adhering to procedural requirements and rectifying deficiencies in the petition. en-us Wed, 28 May 1986 00:00:00 +0530 Thu, 09 Feb 2012 14:51:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101334 The court addressed the maintainability of a joint petition by a creditor and shareholders/directors under sections 433 and 434 of the Companies Act. Emphasizing compliance with procedural rules, the court highlighted the need for proper verification and support for allegations. Referencing past legal precedents, the court directed the petition to be amended to focus solely on the creditor's claims, listing it for admission on merits at a later date. The judgment underscored the importance of adhering to procedural requirements and rectifying deficiencies in the petition. Case-Laws Companies Law Wed, 28 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101334