Himachal Pradesh Court December 1988 Judgments

Ram Kishan and ors. Vs. Kanwar Papers Private Ltd.

Court: Himachal Pradesh

V.K. Mehrotra, Actg. C.J.1. Kanwar Papers P. Ltd. was incorporated under the Companies Act, 1956, on January 14, 1981, as a private company limited by shares. Its registered office is at Kala Amb, District Sirmur, in Himachal Pradesh. The managing director of the company, is one Kanwar Balbir Singh. His daughter is married to one of the sons of Ram Kishan Malik. One Shri H.K.S. Malik was the brother of Ram Kishan. He was once a District and Sessions Judge and after retirement enrolled himself as an advocate. Shri Jagat Narain who was a school teacher retired from service on February 15, 1981. He received some cash amount as part of retiral benefits. Smt. Sumitra Devi is the wife of Shri Jagat Narain.2. On June 5, 1984, Company Petition No. 2 of 1984 was presented in this court by Ram Kishan, Jagat Narain and Smt. Sumitra Devi. The petitioncontained a prayer for the winding up of Kanwar Papers P. Ltd. mainly on the ground that the company was indebted to the three petitioners to a huge ...