High Court of Karnataka Allows Appeal in Company Winding Up Case — Dispute Over Director's Remuneration Not a Debt Under Section 433(e) of Companies Act, 1956. Claim for remuneration by a former director cannot be the basis for winding up petition as it is not a debt due and payable....
The appeal was filed by M/s Atalanta Pumps Private Limited against an order dated 5.7.2012 passed by the Company Judge in Company Petition No.121/2009, whereby the petition for winding up was admitted...




