Supreme Court of India
The Pradeshiya Industrial & Investment Corporation of Uttar Pradesh v. North India Petro Chemical Ltd. and Anr.
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1 Supreme Court bench has cited this judgment.
From the headnote
Companies Act, 1956: Sections 433, 434 and 439--Petition for winding ,. j. up-When Company unable to pay its debts-Debt must be detennined or a definite sum, not a disputed or doubtful amount-Promoters agreement c entered into between State owned Corporation and a Company for promoting another company-Promoters agreement cancelled subsequently-Claim filed before Arbitrator a/so-Maintainability of winding up petition-Held: Defence raised was substantial-No creditor-debtor relationship-Financial position of Corporation sound-Hence winding up petition not maintainable. The appellant corporation
Where later benches applied it
Of those, 1 referred to
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