Ifci Factors Ltd. vs Koutons Retail India Ltd. on 13 May, 2013
12. The above submissions have been considered. As regards the notice
under Sections 433 and 434 of the Act is concerned extensive reliance was
placed by Ms. Dhir on the observations of the Court in State Black Sea
Co. Pet. No. 329 of 2011 Page 6 of 13
Shipping Company & Mr. Joydeb Kundu v. Viraj Overseas Pvt. Ltd. In the
said decision the Court noted its earlier decision in Kalra Iron Stores v.
Faridabad Fabricators (P) Ltd. (1992) 1 Comp. L.J. 310 which drew a
distinction between a petition under Sections 433 (e) read with Section 434
(1) (a) and one under Section 433 (e) read with Section 434 (1) (c) of the
Act. It was observed that "there cannot be a dispute with regard to the
proposition that without even serving a notice as required under Section 434
(1) (a) a creditor can seek for winding up of a company under Section 433