1994 (12) TMI 281

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....nadha Rao, CJ. - Admitted. This company appeal is preferred by Nitul Data System (P.) Ltd. against the order of the learned single judge dated March 2, 1994 (see Arrow Electronics International Inc. v. Nitul Data System P. Ltd. [1997] 88 Comp. Cas. 234 (Delhi)) passed in Company Petition No. 168 of 1991. The respondent-company (incorporated in the U.S.A.) filed the company petition against t....

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....79. The court permitted the appellant to deposit the amount in Indian currency at the exchange rate prevailing on March 21, 1994. On March 22, 1994, the appellant informed the court that the amount had been deposited, notice was issued to show cause why the appeal should not be "allowed" and the order of the learned single judge was stayed. After the filing of reply and rejoinder, the appeal ha....

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....ank guarantee for the balance, as above stated, require serious consideration in the light of the points raised by the appellant in the pleadings, in the memo of appeal and in the light of the affidavits and documents filed in the appeal. But, we do not propose to allow the appeal straightaway. We would think that in the light of the events mentioned above, a fresh look at the desirability of a....