LAWS(MPH)-1974-5-4

VIRENDRASINGH BHANDARI Vs. NANDLAL BHANDARI AND SONS P LTD

Decided On May 03, 1974
VIRENDRASINGH BHANDARI Appellant
V/S
NANDLAL BHANDARI Respondents

JUDGEMENT

(1.) THIS is a contributories' application for appointment of a provisional liquidator under Section 450 of the Companies Act, 1956, filed on October 18, 1973, during the pendency of their petition for compulsory winding up under Sections 397, 398 and 439 of the Act.

(2.) THE material facts, in brief, are as follows :

(3.) THE company has three sources of income :