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Winding up Petition can be maintained at behest of a creditor, whether secured or unsecured
Case Law Details
- Case Name
- Asian Power Controls Ltd. Vs Mrs. Bubbles Goyal (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
HIGH COURT OF BOMBAY
Asian Power Controls Ltd.
Versus
Mrs. Bubbles Goyal
APPEAL (L) NO.383 OF 2012
APPEAL NO.591 OF 2012
Co. Petition No. 455 of 2010
FEBRUARY 18, 2013
JUDGMENT
Dr. D.Y. Chandrachud, J.
These Appeals arise from orders of the learned Company Judge initially admitting a Company Petition for winding up on 12 March, 2012 and allowing the Petition by an order dated 21 June, 2012.
2. The Respondent advanced a loan in the amount of Rs.50 lakhs to the Appellant by a cheque dated 5 August, 2008. A loan agreement was entered into between the company and the Respondent. A promissory no...
