Supreme Court of India

Madhusudan Gordhandas & Co. v. Madhu Woollen Industries Pvt. Ltd.

Neutral citation
Reported as [1972] 2 S.C.R. 201
Bench A. N. Ray and D. G. Palekar JJ.
Decided 29 October 1971

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

6 Supreme Court benches have cited this judgment.

From the headnote

Companies Act (1 of 1956), ss. 433(c) and 557-Principles for ordering winding up of company. The appellants filed a petition for winding up of the respondent com­ pany, on the grounds : (1) that the company was unable to pay the debts due to the appellants, (2) that the company showed their indebted­ ness in their books of account for a much smaller amount, ( 3) that the company was indebted to other creditors, ( 4) that the company we.• effecting an unauthorised sale of its machinery, and (5) that the company bad incurred losses and stopped functioning, and therefore the substra­ tum of the

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