https://www.taxtmi.com/caselaws?id=106418 The court found in favor of the petitioner in a winding-up petition under sections 433(e) and 434 of the Companies Act, 1956, regarding non-payment for lifts supplied and installed. The respondent's argument of no privity of contract was dismissed, emphasizing their obligation to make payments. The court rejected the defense that the respondent was not directly liable for payment, emphasizing their contractual obligation. Despite previous orders for payment, non-compliance was observed, leading to the admission of the petition and ordering publication in newspapers for a future hearing. en-us Thu, 01 Aug 2002 00:00:00 +0530 Wed, 14 Mar 2012 11:14:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106418 The court found in favor of the petitioner in a winding-up petition under sections 433(e) and 434 of the Companies Act, 1956, regarding non-payment for lifts supplied and installed. The respondent's argument of no privity of contract was dismissed, emphasizing their obligation to make payments. The court rejected the defense that the respondent was not directly liable for payment, emphasizing their contractual obligation. Despite previous orders for payment, non-compliance was observed, leading to the admission of the petition and ordering publication in newspapers for a future hearing. Case-Laws Companies Law Thu, 01 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106418