Disposed
Manaksia Limited v. Kailash Roofing Solutions Private Limited
Karnataka HCCOP/208/2016
Case brief
AI extract
What is this about?
In a company winding up petition under Sections 433(1)(e) and 439 of the Companies Act, 1956, the Court disposed of the proceedings based on the petitioner's submission of a joint memo and calculation sheet showing remittance of dues. The petitioner retains the right to seek revival if the respondent's assertion of non-payment is later proven.
What did the court decide?
The Company Petition was disposed of, with the proviso that it remains open for the petitioner to seek revival if the respondent's assertion of non-receipt is found to be true.