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2014 (3) TMI 1202 - HC - Companies LawProceedings for recovery of the amount claimed - Maintainability of proceedings for winding up of the respondent company - principal ground taken in the application is that the amounts owed by the respondent were not due and payable to the petitioner - HELD THAT:- The documents produced by the petitioner along with this petition stand uncontroverted. It is an admitted case that the respondent had availed the financial facilities from the petitioner. The documents on record also indicate that the cheques issued by the respondent had been dishonoured. The learned counsel for the petitioner has pointed out the statement of accounts at pages 112 to 127 of the petition. The said statements clearly indicate that the respondent had defaulted in making the payments to the petitioner. In this view, there is no merit in the contentions urged by the learned counsel for Mr Ashwini Chawla. Accordingly, the respondent company is directed to be wound up. Renotify on 26.05.2014.
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