SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2003 Supreme(Raj) 1344

S.K.KESHOTE
Gopal Krishna Sharma – Appellant
Versus
Shahibi General Finance and Investments Ltd. – Respondent


For the Petitioner:Rajendra Soni, Advocate.
For the Respondent:Ravi Shankar Sharma and D.D. Khandelwal, Advocates.

JUDGMENT

1. - Respondents Nos. 1 and 4 are not served.

2. This is a winding up petition filed by the petitioner for winding up of the respondent No. 1-company.

3. It is not in dispute that the petitioner is one of the ex-directors of the respondent-company. Learned counsel for respondents Nos. 2 and 3 have raised a preliminary objection that this petition is not maintainable as the petitioner is one of the ex-directors of the respondent-company and he cannot resort to the provisions of the Companies Act, 1956, for winding up of the respondent-company for recovery of his dues. He has remedy of the suit for recovery of the amount of Rs. 46,565 allegedly due against the respondent-company.

4. I am in agreement with the preliminary objection raised by learned counsel for respondents Nos. 2 and 3 that the petitioner being one of the ex-directors of the respondent-company, cannot resort to the provisions of the Companies Act, 1956.

5. In the result, this winding up petition fails and the same is dismissed.

*******

Click Here to Read the rest of this document

1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top