HIGH COURT OF ALLAHABAD

Pearl Stripes (P.) Ltd.

v.

Secure Industries Ltd.

Ajoy Nath Ray C.J. and Ashok Bhushan, J.

Company Appeal No. 1 of 2006

January 17, 2006

Section 433 of the Companies Act, 1956 – Winding up – Circumstances in which a company may be wound up – Where appellant filed a winding up petition in 1999 against respondent on allegation that goods sold and supplied by appellant in 1996 were not paid for and it had never obtained a self-restraining injunction so as to save period of limitation for a suit, winding up petition was rightly dismissed – Held, yes

Case review

Secure Industries Ltd. In re [2007] 138 Comp Cas 559 (All.) – Affirmed