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2018 (4) TMI 731 - DELHI HIGH COURTWinding up petition - existence of eligible outstanding debt - Held that:- A clear case is made out in this case that the respondents are despite having admitted the dues of ₹ 13,23,057/- refusing to pay. Respondent company is hence unable to pay its debt. Keeping in view the above, 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 respondent-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.
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