2002 (9) TMI 757

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....dered in this company petition shall also govern disposal of other connected company petition being Company Petition No. 1 of 1989. 2. It is a company petition filed by what the petitioner calls themselves to be one of the creditor of the respondent-company. It is a petition essentially filed under section 433(e) of the Companies Act, 1956, seeking winding up of respondent-company-known as Hope T....

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....plea that the company is in the process of being declared as a 'sick company' under the provisions of SICA. It is further contended that the scheme of rehabilitation is under way and, in that process, the case of these petitioners along with other creditors whether secured or/and unsecured will be taken care of in accordance with the provisions of the Act. It is on this basis, the respondent-compa....