( 1 ) THIS appeal undersection 483 of the Companes Act, 1956 by the appellant company, 13 directed against the order dated April, 1, 1970 of the learaed Additional District Judge, Delhi, whereby he ordered it to be wound up.

( 2 ) THE appellant-company was incorporated under the Companies Act, 1913. in or about the year 1954 with its registered office in the Film Colony, Chandni Chowk, Delhi. The principal objects for which the company was incorporated were, inter alia the carrving on of the business of the Management of Theatres, palaces, halls cinematographic shows and exhibitions The authorised capital of the company was rupees one lakh, divided into 8000 ordinary shares of Rs. 10. 00 each and 200 preference shares of Rs 100. 00 each Its subscribed and issued capital was Rs. 32 700/ ,while its paid up capital was about Rs. 24,000. 00 only. It had 15 members out of which seven were its directors.

( 3 ) THE respondent obtained a decree dated 4th December, 1957 against the appellant-company for a sum of Rs. 2,640. 00 from the court of Sub-Judge, 1st Class, Delhi. The appellant company, it is alleged, had closed its business since the beginning of 1958 and was not able t