Sunday 8 September 2013

Petitioner failed to prove rendition of service to support allegation of non-payment; winding-up ple

CL : Where petitioner filed a petition seeking winding up of respondent-company on ground that respondent failed to pay its fees for rendering services for raising private equity finance from suitable parties, in view of fact that there was no material on record that respondent had actually received private equity finance from one 'T' Ltd. because it was clear from petitioner's invoice itself that it was a case of mere sanction of finance, in such a situation, demand raised by petitioner could n


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