9911796707
Advanced Search 
TMI Blog2007 (9) TMI 414X X X X Extracts X X X X X X X X Extracts X X X X ..... rporate constituted under the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, having its office at Andhra Bank Building Sultan Bazar, Hydrabad-500195, and the company above named, i.e.. Silver Line Technologies Ltd., is a company duly incorporated and registered under the Companies Act, 1956 (1 of 1956), having its registered office at No. 1405, Maker Chamber-V, Nariman Point, Mumbai-400 021 (hereinafter referred to as the said "company"). The main objects for which the company is incorporated are, inter alia, to design, develop, export, import or deal in computers, including computer based equipments and systems related to software and computer programmes and accessories to design, develop and ren ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 02, in favour of the petitioner for existing liabilities of the said company for Rs. 26,54,34,000. As on September 30, 2002, an aggregate sum of Rs. 27,18,18,427.95 became due and payable by the said company to the petitioner together with further interest thereon. The petitioner by its letter dated September 11, 2002, called upon the said company to regularise its account with the petitioner. Once again the petitioner by its advocate's letter dated October 17, 2002, addressed to the said company and to the said Seranova, inter alia, called upon and demanded from the said company and/or the said Seranova the entire out standing dues in respect of the loan account of the said Seranova, but the said company and the said Seranova failed and n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of the petition and after completing all the formalities required under the law, the petition is now listed for final hearing. The matter has been on board and adjourned from time to time as none appeared for the respondent, today again none appeared for the respondent. The respondent as already noted has waived the service as recorded in the order dated December 16, 2004. In view of Skol Breweries Ltd. v. Sanman Distributors P. Ltd., AIR 1999 Bom 249 ; [2001] 103 Comp. Cas. 435 , after considering the rules 27, 28 and 31 of the Companies (Court) Rules, 1959, this court has observed specifically in paragraph 9 as under (page 441) : "I have also no hesitation to hold that the procedure in the manner laid down under rules 27 and 28 has ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
