TMI Blog2014 (6) TMI 1005X X X X Extracts X X X X X X X X Extracts X X X X ..... Held that:- It is pertinent to note that the matter has come at the post advertisement stage and in the event of any default in payment the company shall be wound up forthwith. The Official Liquidator will be at liberty to take possession of the books, records and documents so also the assets and properties of the company forthwith. If on the contrary payment is made and dues liquidated shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ccordingly, let C.P.No.45 of 2013 be admitted for the sum of ₹ 22,62,356/- which is the amount payable on account of principal by the company to the petitioning creditor after being given credit for ₹ 6 lakhs paid by it to the petitioning creditor. The said sum will carry interest at 8% per annum on the reducing balance on and from the date of issuance of statutory notice till realisat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the company shall be wound up forthwith. The Official Liquidator will be at liberty to take possession of the books, records and documents so also the assets and properties of the company forthwith. If on the contrary payment is made and dues liquidated, C.P.No.45 of 2013 shall be permanently stayed. The advertisement costs be paid by the company on liquidation of the sums mentioned above unl ..... X X X X Extracts X X X X X X X X Extracts X X X X
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