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Vinay Realcon Private Limited Versus Golden Future Fertilizer Limited

2016 (11) TMI 1072 - RAJASTHAN HIGH COURT

Winding up petition - Held that:- None has appeared for hearing following the admission. The respondent company is under an undischarged debt of the petitioner company having neglected to discharge its admitted debt as reflected in its balance sheet .....

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f the respondent company under Section 448 of the 1956 Act. He shall take steps to take possession of the immovable and movable assets of the respondent company, if not so already done. The Directors of the respondent company are directed to file sta .....

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dition and Dainik Bhaskar (Hindi) Jaipur Edition in terms of Rule 24 of the Companies (Courts) Rules, 1959. - S.B. Company Petition No. 23/2013 - Dated:- 4-11-2016 - Alok Sharma, J. For the Petitioner : Ashish Tiwari For the Respondent : None ORDER T .....

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company under three cheques (i) 862 dated 21-5-2011 for ₹ 52,00,000/- (ii) 857 dated 30-5-2011 for ₹ 51,00,000/- and (iii) 858 dated 6- 6-2011 for ₹ 51,00,000/- all drawn on Axis Bank, Vaishali Nagar, Jaipur favouring the respondent .....

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elve months with interest at the rate of 9% per annum. As a collateral security the respondent company deposited original title deeds of immovable property with the petitioner company. The properties were (i) Khasra No.987 measuring 0.08 hectare, Teh .....

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3-2012 acknowledges the loan obtained from the petitioner company and is thus a clear admission of the debt owing to petitioner company which has since remained unpaid despite statutory notice. No reply to the company petition was filed despite servi .....

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tion, this petition was admitted on 29-4-2015 and the Official Liquidator was appointed as Provisional Liquidator. Citation of admission of winding up was published in two newspapers Times of India (English) and Dainik Bhaskar (Hindi) Jaipur Edition .....

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espite a statutory notice and is thus deemed to be insolvent. No dispute what of bonafide dispute obtains. In view of aforesaid facts the respondent company Golden Future Fertilizer Limited is directed to be wound up. The Official Liquidator is appoi .....

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