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1986 Supreme(Mad) 417

V.RATNAM, RAMASWAMI
N. A. P. Alagiri Raja and Company – Appellant
Versus
N. Guruswamy and Others – Respondent


Advocates Appeared:S. Govindaswaminathan, T. Raghavan, G. Viswanathan, Advocates.

Judgment :-

V. RAMASWAMI J.

O. S. A. No. 73 of 1985 has been filed against the order in Company Application No. 56 of 1985 dated March 29, 1985, in which the learned single judge directed the convening of three meetings (1) of the shareholders, (2) of unsecured creditors and (3) of preferential creditors on an application filed by one of the contributories under section 391 of the Companies Act. The other two appeals, OSA Nos. 120 and 121 of 1985, have been filed against the order in Company Applications Nos. 261 and 305 of 1985. Those two applications were filed by the lessee of the company, one praying for sale of the mill and the other for a direction to the official liquidator to continue the lease in his favour until further orders in the application filed for sale of the mill as a running unit. Both these applications were dismissed on the ground that Application No. 56 of 1985 filed by the contributory for a direction to call for a meeting has been ordered. Palani Sri Murugan Textiles Ltd., a company incorporated under the Companies Act, was ordered to be wound up by an order dated November 14, 1969, on a petition filed by a creditor on the ground that the company was unable








































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