1998 (7) TMI 556

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....the Dy. Official Liquidator. ORDER 1. This application has been filed by the company, which is respondent in company petition No. 596 of 1991, for setting aside the order dated 4-4-1997 passed by this Court. Perusal of the order dated 4-4-1997 shows that that order was made in the absence of the applicant company which was respondent in the company petition. Perusal of the order further shows t....

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....order dated 4-4-1997 was passed because of some misunderstanding between the applicant company and its advocate. The learned counsel for the applicant submitted that according to the company petition, the petitioner in that petition was claiming an amount of Rs. 1,50,000 as principal and rest of the amount was claimed as interest. According to the learned counsel for the applicant, as the company ....