Chandrakantiraj Urs, J.—This petition under section 433(c) and (e) read with section 439(b) of the Companies Act, 1956 (hereinafter referred to as "the Act"), is presented by the petitioner- Syndicate Bank, Manipal, having one of its branch offices at Bangalore. The petitioner will be referred to in the course of this order as teh "bank".

2. The bank has prayed for the winding up of the first respondent- company, Printers all (P) Ltd. (hereinafter referred to as "the company"). Respondents Nos. 2,3,4,5 and 6 are the directors of the company. The company is duly incorporated under the Companies Act,1956, on August 10, 1966, as a private company with limited liability. The main objects of the company are as follows:

"(a) To acquire and take over the assets and liabilities of the partnership firm 'Printers all' carrying on business at Bangalore as on June 16, 1966, and to carry on the business of stationers, printers, lithographers, stereotypers, photographic printers, photolithographers, engravers, die-sinkers, envelope manufacturers, book binders, account book manufacturers, machine rulers, numerical printers, paper-makers, paper bag and account book makers, box makers, card-b