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2016 (8) TMI 1536 - DELHI HIGH COURTFailure to tender or pay the amount outstanding in respect of the facilities provided to the respondents - Section 433 (e) & (f) of the Companies Act, 1956 - HELD THAT:- The record reveals that several attempts for service of the respondent were made. Notice sent by registered post for the service of the respondent was refused on 13.01.2015. Speed post sent on 04.01.2015 was delivered on 07.01.2015. The respondent was thereafter served by way of substituted service and notice was published in Rashtriya Sahara (Hindi Edition) dated 09.12.2015 and Statesman (English Edition) dated 10.12.2015. Further publication was carried out in Statesman (English) dated 08.02.2016 and Dainik Jagran (Hindi) dated 08.02.2016. None appears for the respondent despite service several times. The petition is admitted. The respondent and its Directors are restrained from selling, alienating, parting with possession or encumbering the assets both movable and immoveable of the respondent Company. The Directors are further restrained from operating the bank accounts of the respondent Company. The Directors shall also file the Statement of Affairs with the Official Liquidator within the statutory period - Renotify for directions on 21.03.2017. The Official Liquidator shall file his report before the next date of hearing.
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