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1985 Supreme(Mad) 295

RAMASWAMI, DAVID ANNOUSSAMY
Ramakrishna Industries Private Limited and Others – Appellant
Versus
P. R. Ramakrishnan and Others – Respondent


Advocates Appeared: For

Judgment :-

V. RAMASWAMI J.

O.S.A. No. 128 of 1981 is against the order dated August 19, 1981, in Company Application No. 844 of 1981 and O. S. A. No. 189 of 1981 is against the order dated December 7, 1981, in Company Application No. 843 of 1981. Both these applications were filed pending Company Petition No. 30 of 1981, which is a petition filed under sections 433(e) and (f), 434 and 439(1)(b), (c) and (d) of the Companies Act, 1956, for winding up of a company by name Ramakrishna Industries Private Ltd. Company Application No. 843 of 1981 is for the appointment of a provisional liquidator pending disposal of the main company petition and C.A. No. 844 of 1981 is an application filed under rule 11 of the Companies (Court) Rules, 1959, read with Order 39, rule 1, Civil Procedure Code, for an order of injunction restraining the appellants herein from borrowing any moneys from banks, financial institutions or others without the prior permission of the court and from alienating and/or creating any charge or encumbrance over any of the assets of the company in its various enterprises, pending disposal of the winding-up petition. On July 13, 1981, the company petition and also the two C.










































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