Companies Act, 1956 — Sections 433, 434 & 439 — Winding-up proceedings — Waiver of claim —

June 22nd, 2013

Companies Act, 1956 — Sections 433, 434 & 439 — Winding-up proceedings — Waiver of claim — Applicability of Order 2 Rule 2 of CPC — Held, a proceeding u/ss 433, 434 & 439 is not a suit but a petition which does not attract the provisions of Order 2 Rule 2 CPC which deals with suits — Civil Procedure Code, 1908 — Order 2 Rule 2.

(Para 12)

Raju Jhurani v. Germinda Pvt. Ltd.[Bench Strength 2], Civil Appeal No. 5886/2012 (Arising out of SLP (C) No. 10362/2007)(16/08/2012), 2012(4) SCV(Civil) 434: 2012 AIR(SC) 3191: 2012(8) SCC 563: 2012(7) JT 388: 2012(7) SCALE 340: 2012(5) Supreme 490: 2012(6) SLT 53 [Altamas Kabir, J.: J. Chelameswar, J.]

Entry Filed under: Commercial Laws