ARC HOLDINGS LTD Vs. RISHRA STEELS LTD

JUDGEMENT

(1.) This appeal is at the instance of an unsuccessful applicant under Section 466 of the Companies Act (hereinafter referred to as the Act) and is directed against an order dated December 2, 2005 passed by a learned Single Judge thereby dismissing the said application.

(2.) The facts giving rise to filing of the present appeal may be summed up thus:

(3.) The learned Single Judge, as it appears from the order impugned, dismissed the application principally for the following reasons: