https://www.taxtmi.com/caselaws?id=106166 The court admitted the winding-up petition by Luxmi Industrial Gases (P.) Ltd. against Punjab Chemi Plant International Ltd. due to unpaid debts totaling Rs. 14,37,245.73. Punjab Chemi Plant's disputes over rates were dismissed as the court found discrepancies in their defenses and upheld Luxmi Industrial Gases' claim supported by transaction documents. The court ruled the notice served under sections 433 and 434 of the Companies Act, 1956, was valid, noting Luxmi Industrial Gases' compliance with serving the notice to the Managing Director of Punjab Chemi Plant. Further directions were scheduled, with a notice to be published for the next hearing. en-us Thu, 19 Nov 1998 00:00:00 +0530 Mon, 12 Mar 2012 18:23:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106166 The court admitted the winding-up petition by Luxmi Industrial Gases (P.) Ltd. against Punjab Chemi Plant International Ltd. due to unpaid debts totaling Rs. 14,37,245.73. Punjab Chemi Plant's disputes over rates were dismissed as the court found discrepancies in their defenses and upheld Luxmi Industrial Gases' claim supported by transaction documents. The court ruled the notice served under sections 433 and 434 of the Companies Act, 1956, was valid, noting Luxmi Industrial Gases' compliance with serving the notice to the Managing Director of Punjab Chemi Plant. Further directions were scheduled, with a notice to be published for the next hearing. Case-Laws Companies Law Thu, 19 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106166