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2018 (8) TMI 2152 - HC - Companies LawSeeking permission for withdrawal of petition - Recall of petition admitted - appointment of OL as the Provisional Liquidator - OL states that expenses have been spent on the company on account of security and other expenses - HELD THAT:- The order dated 20.9.2017 is recalled, subject to the respondent paying a sum of Rs.24,00,000/- to the OL. The order appointing the OL as the Provisional Liquidator would stand recalled on payment of the dues of the OL. OL will de-seal the premises which have been sealed by it and hand over the possession to the Authorised Representative of the respondent company on payment of the dues of the OL. Petition is dismissed as withdrawn.
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