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2021 Supreme(Mad) 2053

G.JAYACHANDRAN
Bajaj Electricals limited, Represented by Bhupendra Shah, Mumbai – Appellant
Versus
Southern Petrochemicals Industries Corporation Limited, Chennai – Respondent


Advocates:
Advocate Appeared:
For the Appellant :Satish Parasaran, Senior Counsel, Thriyambak J. Kannan, Advocate.
For the Respondent:AR. L. Sundaresan, Senior Counsel, A.L. Ganthimathi, Advocate.

JUDGMENT :

(Prayer: Company Application has been filed under Order XIV Rule 8 of Original Side Rules read with Rule 9, 11(b) of the Companies (Court) Rules, 1959, praying to direct the respondent to produce the following:-

(a) Business Transfer Agreement dated 05.08.2011;

(b) Ledger Statement;

(c) Balance sheet for the period 2009-till 2014 maintained by the respondent for transactions with the applicant/petitioner accompanied by an affidavit stating on oath the correctness of the contents of the same.

Company Application has been filed under Order XIV Rule 8 of Original Side Rules read with Rule 9, 11(b) of the Companies (Court) Rules, 1959, praying to permit the delivery of interrogatories, as annexed to this affidavit to the respondent, consequently, direct the respondent to respond to the same within a time period as may be directed by this Hon'ble Court.)

1. Alleging that the respondent company owing a sum of Rs.7,35,27,663.27/- and it is unable to pay the said debt, the company petition is filed for winding up is filed under Section 433 (e) and (f), 434(1)(a) and 439(1)(b) of the Companies Act, 1956. The petitioner herein has taken out these applications under Order XI, Rules 1 and

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