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Showing contexts for: zoom developers in M/S Airen Associates vs H.E.G. Ltd. on 18 January, 2018Matching Fragments
3. Shri Awasthi, learned counsel for the petitioners submits C that although work was completed, the respondents made h partial payment out of the complete amount. Aggrieved, the ig petitioners sent a legal notice dated 27.11.1998 (Annexure- H P/VII) asking the other side to make the complete payment of debts/dues to the petitioners. The petitioners placed reliance on the reply dated 24.12.1998 (Annexure-P/VIII) and contended that Para 8 to 11 of company petition shows as to how debt is due in favour of the petitioners and respondent is bound to pay the same. It is submitted that the word âdebtâ should be given a wide meaning in view of the Full Bench Judgment of this Court in Company Petition No.10/2015 (Jonathan Allen Vs. Zoom Developers Private Limited) decided on 24.08.2015.