Once a company shows in its accounts any money under the head paid up capital than it will be presumed that share has been allotted

The instant petition was disposed by this Bench by an order dated 13.10.2000. However, due to administrative difficulties, the same was dispatched to the parties only on 22.11.2000. Before the receipt of the said order, the petitioners had filed two applications-one on 2.11.2000 and another on 20.11.2000, enclosing therewith certain documents, which according to them were relevant in determining the issues in the petition and as such they had sought for taking them on accord and also for further hearing of the petition. Along with the first application, they had enclosed certain documents incl...