2004 (1) TMI 390

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.... ORDER 1. It is a company petition filed under section 433(c) of the Companies Act by the petitioner seeking winding up of the respondent-company. It is not in dispute being a matter of record that this court has already entertained and admitted one company petition being Company Petition No. 9 of 1996 - Jindal Papers & Plastic Ltd. v. Kedia Distilleries Ltd. [2004] 2 Comp. LJ. 139 (MP), agains....

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....of 1996. This Court will have to examine the claims of all creditors in Company Petition No. 9 of 1996 because, once any company petition for winding up is admitted and advertised in terms of rules against the company, then it ceases to be petition on behalf of one creditor-petitioner, but it becomes a petition for and on behalf of several creditors in its representative capacity who have a claim ....