2005 (8) TMI 391

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.... Official Liquidator.Hari Krishna Sharma for the Respondent. ORDER 1. Heard the Official Liquidator and the learned counsel for the respondent and perused the entire application. 2. In this application under sections 446 and 447 of the Companies Act, 1956, the applicant has made following prayer : "(i)The respondent(s) may be summoned and may be examined under section 477 of the Compan....

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....Limited (in liquidation), I have no hesitation to state that the poor persons, who took the loan of petty amount, are coming up and putting appearance before this Court with all fairness and honesty. The persons, who took the loan of higher sum, they are manipulating or managing even the service of the notices. The respondent has already deposited the principal amount of Rs. 5,000. The prayer made....