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2016 (7) TMI 1560 - HC - Companies LawAdjournment of the case - Winding up of company - non-payment of principal amount - HELD THAT:- The fact remains that sufficient opportunity has been granted to the respondent file a reply on merits, and also to comply with other directions regarding the disclosure of pertinent facts with regard to the functioning, assets and indebtedness of the company. There has been no effective response by the respondent in this behalf. The petition is admitted and the Official Liquidator attached to this Court is appointed as the Provisional Liquidator. He is directed to take over all the assets, books of accounts and records of the company forthwith. The citations be published in the Delhi editions of the newspapers ‘Statesman’ (English) and ‘Veer Arjun’ (Hindi), as well as in the Delhi Gazette, at least 14 days prior to the next date of hearing. The cost of publication is to be borne by the petitioner who shall tentatively deposit a sum of 75,000/- with the Official Liquidator within 2 weeks, subject to any further amounts that may be called for by the liquidator for this purpose, if required.
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