S. ANANDA REDDY, J.

( 1 ) THIS company petition is filed under Sections 433 (e) and (f), 434 (l) (a), and 439 (1 ) (B) and (C) of the Companies act, 1956, read with Rules 95 of the companies (Court) Rules, 1959, seeking for an,order of winding up of the respondent company on the ground that the respondent company owes certain amounts to the petitioner and is unable to pay the same in spite of receipt of a statutory notice issued by the petitioner-Company.

( 2 ) THE petitioner-M/s. Shapoorji pallonji Finance Limited is a Company incorporated under the Companies Act, 1956 (hereinafter referred to as the Act ) with its registered office at 70, Nagindas Master road, Fort, Mumbai - 400023. The respondent-M/s. Shree Rayalaseema Alkalies and Allied Chemicals Ltd. , is also a company registered under the Act and originally incorporated on 24. 6. 1981 as a public limited Company with registered office at Gondiparla, Kurnool-518004. The respondent Company is limited by shares and the authorized share capital of the Company is Rs. 55,00,00,000/- divided into 5,50,00,000 equity shares with nominal value of Rs. 10/-each. The issued and paid up share capital is Rs. 39,33,40,600/- divided into 3,

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