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1993 Supreme(P&H) 1007

ASHOK BHAN
United Hire Purchase And Land Finance (P). Ltd. , (In Liqn. ) – Appellant
Versus
Kartar Singh – Respondent


Judgment

Ashok Bhan, J.

1. The present claim petition has been filed under Section 446(2) read with Section 468 of the Companies Act, 1956 (referred to as the Act) by the Official Liquidator of M/s United Hire Purchase & Land Finance (P). Ltd. - Company in liquidation, (hereinafter referred to as the Company). Claim petition has been filed for releasing unpaid called amount together with interest thereon from the respondent.

2. Company was doing business to purchase, sell, hire out or sell on hire purchase system all kinds of vehicles, Motor Cycles, Rickshaws, Gramophones, Pianos and musical instruments, machines etc., house equipments and all other articles that the Company may deem fit.

3. C.P. No. 10 of 1980 was filed in this Court on 15.1.1980 for winding up of the company. The Company was ordered to be wound up under the orders of this Court on 22.8.1985. Ex-Managing Director filed the statement of affairs with the Official Liquidator and books of account were handed over to him. On the scrutiny of accounts and from the statement of affairs, it was found that a sum of Rs. 16,245/- was due against the respondent and realizable by the petitioner. That notice vide No. UHIF/12 Liqn

















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