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2019 (9) TMI 650 - HC - Insolvency and BankruptcyVoluntary winding up - default in repayment of due installments - Section 10 of Insolvency and Bankruptcy Code, 2016 - HELD THAT:- The learned counsel for petitioner-Company has tendered a crossed cheque, payable in the name of Liquidator for a sum of ₹ 11, 41, 223/- to learned counsel for respondent No. 2, which has been accepted towards arrears of rent - It is agreed between the parties that after adjusting the amount of refundable security and amount tendered today in Court, nothing remains outstanding against petitioner-Company towards any claim for the period premises having remained in its occupation, except a sum of ₹ 1, 48, 525/- towards arrears of Electricity Charges for the period prior to 1.7.2019 as per electricity bill dated 9.8.2019. The learned counsel for petitioner-Company states that since details of Electricity charges for period till 30.6.2019 have been disclosed now, his client shall tender said amount by way of crossed cheque to the Liquidator within two weeks from today - Petitioner-Company shall be bound by its statement towards payment of outstanding electricity charges for the aforesaid period. Petition disposed of as infructuous.
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