1986 (3) TMI 283

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....ed. Kohli for the Respondent. JUDGMENT G.L. Oza, CJ.-The petitioner who is a creditor of the respondent-company has' filed this petition for winding up of the said company under section 439 of the Companies Act, 1956, because of its inability to pay the debts despite demand made by service of notice. Therefore, a show-cause notice was given to the respondent company asking why the peti....

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.... same have not been filed. Thereafter, the respondent-company, by an application dated February 7, 1986 (I. A. No. 578 of 1986), submitted that the company hopes to start its factory within a period of two weeks as it has received certain orders and that they hope to pay to the petitioner by monthly installments. But, thereafter, the respondent-company has not filed the balance-sheet to show the l....

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.... made within a month from today in Form No. 48. The advertisement shall be published in the Official Gazette of the State of M. P, It shall also be advertised in the local daily newspapers Nayi Dunya (Hindi) and Free Press Journal (English) P. F. and the publication charges shall be deposited by the petitioner within a week from today. The contents of the said advertisement shall be drawn up by th....