Court : Orissa
Decided on : Sep-26-1974
Reported in : [1978]48CompCas494(Orissa)
..... . but, of course, if the debt is not disputed on some substantial ground, the court may decide it on the petition and make the order.' (vide buckley on the companies acts, 13th edition, page 451). we are satisfied that the debt in respect of which notice was given under section 434 was bona fide disputed by the appellant ..... r.n. misra, j. 1. this is an unpaid creditor's application for winding up under section 433(e) of the companies act of 1956 (hereinafter referred to as ' the act ').2. the defendant-company was incorporated on the 19th of march, 1956, with a share capital of rs. 15 lakhs divided into 15,000 equity shares ofrs. 100 each and its paid ..... of the company during the pendency of this application. d.w. 2 has been put in charge of the business. in the meantime, a small quantity of iron ore has been disposed of. negotiation for further disposal is in progress. enquiries have been received and rates have been quoted to different parties. it is stated that the indian bank with .....
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