Saroj Gupta vs Kunal Pipes India (P) Ltd.
Winding up: Inability to pay debts-Whole case revolving around interpretation to be placed upon alleged loan confirmation letter, Issue to be determined by civil court, Petition dismissed-The petitioner had advanced a loan to the respondent. In a petition under s.433(e) read with s.434 and s.439 of the Companies Act 1956 the petitioner [LexDoc Id : 428630]