MANU/SC/0217/1968

IN THE SUPREME COURT OF INDIA

Decided On: 22.11.1968

Appellants: J.K. (Bombay) P. Ltd.
Vs.
Respondent: New Kaiser-I-Hind Spg. & Wvg. Co. Ltd. and Ors.

JUDGMENT

Shelat, J.

1. These appeals, founded on a certificate, are directed against the order of the High Court of Bombay ordering the binding up of respondent No. 1 company.

2. Prior to August, 1965, the company was managed by the Singhanias (referred to hereinafter as the J. K. group), who held 25,625 out of 45,000 equity shares of the company. By 1965 the company was in a bad way, its liabilities having exceeded its assets and was not in a positio

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