9911796707
TMI Blog2018 (6) TMI 1534X X X X Extracts X X X X X X X X Extracts X X X X ..... ed on behalf of the petitioner, it appears that a copy of this application has been served upon the Advocate-on-Record representing the company in this winding up application under the Companies Act,1956. Let, the affidavit of service filed by the petitioner be kept on record. Since, none appears for the company even in the second call, the application is taken up for hearing in the absence of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dated September 4, 2015 the Division Bench of this Court directed the company to deposit Rs. 50,00,000/- (Rupees Fifty Lac only) within September 11, 2015 as a condition for obtaining stay of operation of the order dated August 17, 2015 passed by the learned Single Judge. The company, however, did not deposit the said amount as directed by the Division Bench and the petitioner caused advertisemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Three Crore Seventy Seven Lakh Eighty Eight Thousand Five Hundred Sixty Nine Only) to the petitioner at the time of passing of the said order and the balance sum of Rs. 3,70,00,000/- (Rupees Three Crore Seventy Lakh Only) would be payable by the company to the petitioner in monthly instalments of Rs. 12,00,000/- (Rupees Twelve Lakh Only) each, starting on and from May 2, 2017 and, thereafter, on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the company has failed to pay the balance monthly instalments from the month of December 2017 amounting to Rs. 2,86,00,000/- (Rupees Two Crore Eighty Six Lakh Only) in terms of the said consent order dated April 17, 2017 the petitioner is entitled not only to proceed with the winding-up application but also to obtain the final order of winding-up of the company. As mentioned earlier in spite of s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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