2006 (12) TMI 586

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nder sections 433 and 434 of the Companies Act, 1956 ('the Act') for winding up of Wizard Biotech (P.) Ltd. ('the respondent-company'). 2. The facts leading to the filing of this petition, briefly stated, are that the respondent-company is a private limited company registered under the Act, 1956, and having its registered office at 768, Ram Nagar, Shastri Nagar, Jaipur. 3. On 19-9-2001, the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... is there on the record as annexture 3 to the petition. 5. Learned counsel for the petitioner contended that the respondent-company has admitted that rupees one lakh is due of the petitioner against it and despite of that it has not paid that amount and thus it is a clear case of inability of the respondent-company to pay its debts. He submitted that in view of this admitted fact this court may....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d 21-7-2004, annexure 4 sent to the petitioner by the respondent-company has not been refuted by the petitioner. In the petition it is nowhere stated that the contents of annexure 4 have been denied by the petitioner by sending any letter. In paragraph No. 11 of the petition the only averment has been made that by this letter the respondent-company is trying to raise false and concocted plea with ....