Mr. Rajesh Himathlal Ajmera And Others vs M/S. Chadalavada Infratech Limited on 20 April, 2018
He
further asserts that the judgment in Harish Chandra (2 supra)
indicates the method and manner in which the inherent power can
be exercised and there is no bar for such exercise in the interests
of justice. He further asserts that the petitioners filed the
Company Petition within time so as to protect their right ex
debito justitiae. He further asserts that the respondent filed
balance sheets along with the counter-affidavit and in the balance
sheet as on 31st March, 2015, Rs.20,98,21,925/- and
Rs.31,09,75,194/- were shown under the head Trade Payables
as at 31st March, 2015 and 31st March, 2014, respectively, as
such, it is clear that there is a debt payable to the petitioners. He
also asserts that the petitioners firm is falling within the
definition of micro, small and medium enterprises.