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2017 (6) TMI 1268 - HC - Companies LawWinding up petition - Held that:- Statutory notice was issued way back on 28.04.2016, which has not been even replied by the respondent Company and even the notice of this Court was served in the month of September 2016, no reply is filed in the present petition. On the contrary, the copy of the minutes which is produced on record by Mr. Parth Contractor, learned counsel appearing for the respondent Company shows that the respondent Company is in financial doldrums and it is also quite evident from the submission made by Mr. Soparkar, learned advocate appearing for the petitioner that even the RBI has directed the Banks to take action against the respondent Company. The ground that the consortium of Bank is considering the bid would not take the case of the respondent Company any further. The creditors who are before this Court have been able to prima facie show that the respondent Company is in financial doldrum. In light of the aforesaid facts, the matter requires consideration. Hence, Admit. The order of advertisement is differed till the next date of hearing to give one more opportunity to the respondent. The petition is fixed for hearing on 18.07.2017.
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