1998 (7) TMI 555

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....This is a petition filed under sections 433 and 434 of the Companies Act, 1956 seeking an order of winding up against the respondent-company. According to the petitioner, an amount of 1,43,157 sterling pounds was due from the respondent on account of consultancy charges. According to the petitioner, as the amount was not paid, statutory notice was issued to the respondent. The statutory notice was....

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....d also agreed to pay an amount of 1,65,000 sterling pounds. Taking overall view in the matter, in my opinion, interest of justice would be served by directing the respondent to deposit an amount of Rs. 1 crore in this Court within a period of one month with due intimation to the petitioner. The petitioner may file a civil suit in the civil court for recovery of the amount within a period of eight ....