9911796707
TMI Blog2012 (6) TMI 200X X X X Extracts X X X X X X X X Extracts X X X X ..... Act praying that the respondent-company which is indebted to the petitioner be wound up, since they are commercially insolvent and they are unable to pay their debts. 2. Heard the learned counsel for the petitioner and perused the petition papers. 3. The petitioner is stated to have sanctioned loan of Rs. 20,00,000 to the respondent and the same was disbursed of on 24.01.2007. The application s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dering the prima facie material has by the order dated 18.01.2012 admitted the petition and directed publication of the admission of the petition in the newspaper. The petitioner company has published the same. Despite the same, the respondents have not appeared before this Court and disputed the claim made either in the petition or in the statutory notice. No other person has also opposed the pet ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or, who shall take charge of the assets of the respondent-company and take further proceedings in accordance with law. (iii) The petitioner shall, deposit a sum of Rs. 50,000/ with the Official Liquidator in four weeks as initial expenses towards liquidation. (iv) The petitioner shall also take out paper publication of the winding up order made by this Court in 'The Hindu' English ne ..... X X X X Extracts X X X X X X X X Extracts X X X X
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