Present petitions are directed against the order of the Division Bench of the High Court refusing stay of the order directing advertisement of winding up petition.
When appeal came up for admission, a Division Bench of the High Court admitted the appeal but declined to grant stay of order directing the advertisement of winding up petition.
The High Court is seized of the matter as the appeal preferred by the petitioner Company is pending in the High Court and the matter would be heard on merits by the High Court.
On a numberice being issued by the learned Company Judge, the petitioner Company entered appearance and filed an affidavit companytending that the debt claimed as recoverable by the creditor is bonafide disputed.
The learned Company Judge after framing the issues, gave a direction that the petition for winding up be advertised.
The petitioner company against whom the petition for winding up is made, preferred an appeal in each case under Section 483 of the Companies Act 1956.
Both the parties shall move the High Court after three weeks from to day requesting the High Court to hear the appeals as expeditiously as possible and for a fixed date.
Both the matters arise out of a companypany petition filed by different creditors respondents here for winding up the companypany petitioner herein.
