TMI Blog2018 (11) TMI 109X X X X Extracts X X X X X X X X Extracts X X X X ..... n holding that the defence of the respondent is not bonafide. For the same reasons, the present petition is also admitted. Consequently, the petition is admitted and the Official Liquidator attached to this Court is appointed as the Provisional Liquidator. He is directed to take over all the assets, books of accounts and records of the respondent-company forthwith. The citations be published ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spondent Through Mohd. Kamran and Mr.Saurabh Chaturvedi, Advs. JAYANT NATH, J. (ORAL) 1. This petition is filed under Sections 433(e), (f), 434(1)(a) and 439 of the Companies Act, 1956 (hereinafter referred to as the Act ) seeking winding up of the respondent Company. 2. It is the case of the petitioner that the parties entered into an arrangement whereby the petitioner had to pub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... amount of ₹ 2,50,000/- remains payable for the period in question. 3. I have heard the learned counsel for the parties. 4. The learned counsel for the respondent submits that main defence taken by them is the plea of limitation. He submits that the invoices in question are for the period w.e.f. 2010- 2011 whereas the present winding up petition has been filed in May, 2016. He subm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany forthwith. The citations be published in the Delhi editions of the newspapers Statesman (English) and Veer Arjun (Hindi), as well as in the Delhi Gazette, at least 14 days prior to the next date of hearing. The cost of publication is to be borne by the petitioner who shall deposit a sum ₹ 75,000/- with the Official Liquidator within 2 weeks, subject to any further amounts that may ..... X X X X Extracts X X X X X X X X Extracts X X X X
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