Allowed
Hirachand P Gulecha HUF Sole Prop. of M/S Hira Traders v. Fine Diamond Limited Cin U36912MH1998PLC115838
Bombay HCCP/83/2015
Case brief
AI extract
What is this about?
In this company petition, the High Court examined the petitioner's claim for winding up the respondent company due to inability to pay debts. Finding the respondent commercially insolvent and absent, the court made the petition absolute without inquiry into validity of debts.
What did the court decide?
The Company Petition is made absolute in terms of prayer clauses (a) and (b).