https://www.taxtmi.com/caselaws?id=109961 The court found in favor of the petitioner, a foreign company, in a dispute with an Indian company over non-payment of a debt for goods supplied. The court upheld the validity of the statutory notice issued under the Companies Act, 1956, before an assignment deed, and ruled that re-endorsement of a bill of exchange was not necessary for the petition to be maintained. The respondent was ordered to deposit the outstanding amount within eight weeks, with further instructions depending on compliance. The petition was disposed of with no costs awarded. en-us Thu, 24 Feb 2005 00:00:00 +0530 Fri, 13 Apr 2012 12:10:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109961 The court found in favor of the petitioner, a foreign company, in a dispute with an Indian company over non-payment of a debt for goods supplied. The court upheld the validity of the statutory notice issued under the Companies Act, 1956, before an assignment deed, and ruled that re-endorsement of a bill of exchange was not necessary for the petition to be maintained. The respondent was ordered to deposit the outstanding amount within eight weeks, with further instructions depending on compliance. The petition was disposed of with no costs awarded. Case-Laws Companies Law Thu, 24 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109961