https://www.taxtmi.com/caselaws?id=103496 A winding-up petition under sections 433 and 434 of the Companies Act, 1956 requires strict compliance with the statutory notice of demand, which must correspond to the amount due at the date of the notice. An earlier petition rejected on a technical ground does not extinguish the underlying debt, but the same notice cannot automatically support a fresh winding-up petition. Because the notice is a condition precedent to this statutory remedy, a second petition based on the earlier notice was not maintainable and was rejected, leaving the creditor free to issue a fresh notice and proceed anew. en-us Fri, 17 Dec 1993 00:00:00 +0530 Thu, 23 Feb 2012 12:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103496 A winding-up petition under sections 433 and 434 of the Companies Act, 1956 requires strict compliance with the statutory notice of demand, which must correspond to the amount due at the date of the notice. An earlier petition rejected on a technical ground does not extinguish the underlying debt, but the same notice cannot automatically support a fresh winding-up petition. Because the notice is a condition precedent to this statutory remedy, a second petition based on the earlier notice was not maintainable and was rejected, leaving the creditor free to issue a fresh notice and proceed anew. Case-Laws Companies Law Fri, 17 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103496