1993 (11) TMI 57

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....tage of admission, the respondent has been directed to take notice. Accordingly, he is represented through a counsel. As the Appeal involves a short point, it is admitted and heard for final disposal. 2. This Appeal is preferred against the order dated 10th September, 1993, passed by the learned single Judge in W.P. No. 6373 of 1993. In the Writ Petition, the respondent herein sought for quashi....

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....al has recorded a finding as follows : "We have gone through the provisional balance sheet of the petitioner company. As reflected in the provisional balance sheet, we note that more than Rs. 1.59 crores is due to the petitioner from sundry debtors and this is in addition to more than Rs. 15 lakhs shown under the asset column of the balance sheet as advance and deposits. We also take into accou....

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....sum of Rs. 20 lakhs out of Rs. 62,76,416/- and a penalty of Rs. 1 lakh imposed on petitioner Coronation Litho Works (C.L.W.) and a penalty of Rs. 1 lakh imposed on petitioner Shri Nataraj Prabhu. During the course of the order the Tribunal has noticed that a sum of Rs. 25 lakhs is set apart towards depreciation and a sum of Rs. 1.59 crores is due to the respondent from sundry debtors. It is on the....