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2016 (11) TMI 1072 - HC - Companies LawWinding up petition - Held that:- None has appeared for hearing following the admission. The respondent company is under an undischarged debt of the petitioner company having neglected to discharge its admitted debt as reflected in its balance sheet despite a statutory notice and is thus deemed to be insolvent. No dispute what of bonafide dispute obtains. The respondent company Golden Future Fertilizer Limited is directed to be wound up. The Official Liquidator is appointed as Liquidator of the respondent company under Section 448 of the 1956 Act. He shall take steps to take possession of the immovable and movable assets of the respondent company, if not so already done. The Directors of the respondent company are directed to file statement of affairs of the respondent company before the Official Liquidator as statutorily required. The citation of winding up of the respondent company be published by the petitioner in two news papers i.e. The Times of India (English) Delhi Edition and Dainik Bhaskar (Hindi) Jaipur Edition in terms of Rule 24 of the Companies (Courts) Rules, 1959.
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