1981 (1) TMI 199

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....Urs, J. - This is a petition filed by one U.V: Shenoy under section 433(e) and (f) read with sections 434(1)(a) and 439(1)( b) of the Companies Act (hereinafter referred to as "the Act") praying for an order winding up the 1st respondent-company. It is the petitioner's case that the 1st respondent-company owes a sum of Rs. 33,490.55 in respect of certain items of goods supplied by him to the comp....

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....y the petitioner, his contract to supply link panels to the Indian Telephone Industries was cancelled and, therefore, the petitioner is not entitled to his prayer. The parties were permitted to file documents and mark the same by consent. Oral evidence of the petitioner as well as the managing director of the 1st respondent-company in respect of their respective stands was also recorded by me. On....