AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2001 (11) TMI 1037
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 1. The petitioner has filed this petition under the provisions of Section 433(e) read with Section 434 and 439 of the Companies Act, 1956 (for short the Act). 2. According to the petitioner, the respondent owes a substantial amount to the petitioner. However, it is alleged that the respondent is unable to repay its debts. Consequently, the affairs of the respondent deserve to be wound up unde....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tained to initiate appropriate action in the event of your not complying fully with the requisitions herein. You are also required to pay a sum of Rs. 1,000/- (Rupees one thousand only) as costs of this notice." 6. A perusal of the notices clearly shows that they were issued under the provisions of the Negotiable Instruments Act and not under the provisions of the Act. 7. The provisions of t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n its contention that no valid statutory notice has been issued to the respondent. 10. Learned Counsel for the petitioner contended that a composite notice can be sent to the respondent. Even if this proposition is accepted, the fact still remains that the notices dated 30th May, 2000 were not composite notices but were notices issued only under the provisions of the Negotiable Instruments Act.....