RAJINDAR SACHAR, D.R.KHANNA
HARISH BANSAL – Appellant
Versus
MOTI FILMS PRIVATE LIMITED – Respondent
( 1 ) THIS is an appeal against the order of the learned single judge by which be directed the deletion of. the name of respondents 2-to 5 in a petition for winding up filed under Section 433 of the Companies Act against Respondent No. I a Private Limited Company. Respondents are one family; namely respondent No. 3 is the father of, respondent No. 2. Respondent No. 4 is the wife of respondent No. 2 and respondent No. 5 is the mother of respondent No. 2.
( 2 ) IT is pleaded in the petition that the company was floated and incorporated by the appellants along with Ramesh Kumar Bhandari, respondent No. 2 who was a fast friend of the appellants. The petition is filed by one set of husband and wife as petitioners Nos. I and 2 and petitioners Nos. 3 and 4 as another set husband and wife. It is claimed that the company was floated to give equal preference to the three groups as all three of them were good friends. Respondent No. 3 was said to be ] conversant with business and that is why it was decided to entrust the work of the incorporation to him.
( 3 ) RESPONDENT: No. 4 is said to have started drawing a salary of Rs. 1500 per month. Respondent Nos 2. 3 and 4 are directors of t
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