G. S. Chaube, J.

1. This company-petition under Sections 433 (e), 434 (1) (a) and 439 (1) (b) of the Companies Act, 1956 ("the Act") has been presented for winding up of Rajhans Steel Ltd. , a public limited company incorporated under the Act, having its registered office at Joraphatak Road in the district and town of Dhanbad and factory or worksite at Mihijam in the district of Santhal Parganas of this State, which has been arrayed in this petition as opposite party No.1 and shall hereinafter be referred to as such. The petitioner is Ferro Alloys Corporation Ltd. a company incorporated under the said Act having its registered office at Sriram Bhawan Tumsar in Maharashtra and regional office at Everest House, Jawaharlal Nehru Road in Calcutta, and shall be referred to hereinafter as the petitioner-company.

2. The case of the petitioner-company is that pursuant to two separate orders, one dated March 22, 1984, and another dated April 6, 1984, placed with it by opposite party No.1 for supplying ferro manganese and ferro silicon, the petitioner-company, which carries on business of manufacturing, selling and/or otherwise dealing in ferro manganese, ferro silicon and other ferr