1981 (7) TMI 164

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.... Urs, J. - This is a petition under section 433(e) and (f) read with section 439(1)(b) of the Companies Act, 1956 (hereinafter referred to as "the Act"). The petitioner's case is that a sum of Rs. 22,920.53 is due by the respondent-company in respect of certain stationery supplied against the order of the respondent-company. It is stated that the petitioner had issued a statutory notice to the res....

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....ly controverting many of the allegations made against the petitioner in the statement of objections. It is unnecessary to go into the merits of the rival contentions in these summary proceedings. I am satisfied that the respondent-company is commercially solvent and is withholding the payment of bills of the petitioner-firm as it appears to have a tenable defence against the claim. In these circ....