1981 (7) TMI 164

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....Respondent. JUDGMENT Chandrakantaraj 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 petitione....

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....e petitioner, had been permitted to file a reply 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 t....