1975 (11) TMI 92

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....is an appeal from a judgment of Mr. Justice Sabyasachi Mukherjee delivered on June 27, 1973. The appellant claims to be a creditor of the respondent. The loan was advanced subject to certain debentures in 1958. It is stated that the loan was acknowledged in balance-sheets as it stood on the 31st December, 1967, which was signed by the directors on the 3rd June, 1968. But difficulty has been create....

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....hence these liabilities are not confirmed by your directors." As we have said, the report for the balance-sheet as at 31st December, 1968, was signed on the 26th July, 1970. The application for winding up was presented on the 9th March, 1972. The position, therefore, is that unless the statements made in the balance-sheet as at 31st December, 1968, and the directors' report referred to above ar....