K.A. Mohammed Shafi, J.

1. This application is filed by the respondent-company in C. P. No. 26 of 1998 to revoke the admission of the winding up petition and to stay all further proceedings till the disposal of the application under Rule 96 read with Rule 9 of the Companies (Court) Rules, 1959. C. P. No. 26 of 1998 is filed by the respondents herein who are the shareholders of the company seeking an order for winding up of the company under Sections 433(e) and 433(f) and 439(1)(c) of the Companies Act.

2. When the company petition came up for admission on June 1, 1998, this court admitted the same and directed issue of notice to the respondent-petitioner herein and to publish in one issue of Indian Express and Malayula Manorama, Cochin edition and in the Official Gazette. The draft publication was produced on June 2, 1998, and was approved by this court and publication was directed to be effected with hearing date July 3, 1998.

3. This petition is filed by the respondent-company in the C. P. on June 18, 1998, seeking revocation of admission of the winding up petition and to stay all further proceedings till the disposal of the application. The respondents have filed a detailed co