ORDER :- This petition is filed under Section 433(e) and (f) of the Companies Act, 1956 to wind up Kamadhenu Metal Rolling Mills Pvt. Ltd., Thirupur, Coimbatore District. The Company was incorporated on 30-5-1962 as a private limited company by shares. The main object of the company is to deal and sell metal wares and products and to establish Iron foundry and rolling mills. The petitioner claims to be a shareholder as

well as a creditor. According to her, a sum of Rs. 16,840-48 is due to her as per the books of the company. Her case is that the company is commercially insolvent and is unable to pay its debts, that there has been increase in the loss from year to year, that the affairs of the company are being mismanaged and that it is, therefore, just and necessary that the company should be wound up.

2. The petitioner is the wife of Subbaraya Chettiar, the Managing Director of the respondent company. The Managing Director has sworn to a counter-affidavit stating that there is misunderstanding between him and his wife, that the petitioner has come forward with this application to cause annoyance to him on account of the family quarrel, that the petitioner is neither a share