2008 (2) TMI 858

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lation to respondent company were in progress. From the on-line report it does appear that the B.I.F.R. proceedings were dismissed. Against the said decision the matter was carried in appeal by the company which also came to be rejected. In that sense the matters will now have to proceed before this Court. 2. In all these four petitions the reliefs claimed is of winding-up of the respondent compa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he petitioner, it necessarily follows that the respondent company is unable to pay its debt. 3. Similar position appears in Company Petition No.946 of 1998 which is again in respect of goods sold, delivered and supplied. The outstanding amount payable by the respondent company to the petitioner is ₹ 1,91,860/-. Even in this petition it is uncontroverted that the respondent failed and neglec .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... its debt. On that finding, reliefs claimed in these proceedings will have to be granted. 6. Accordingly, respondent company is ordered to be wound-up forthwith. The Official Liquidator shall take over the assets and properties of the respondent company forthwith and discharge all duties as per the provisions of Companies Act. All the four petitions are disposed off on the above terms.
Case la .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X