9911796707
TMI Blog2014 (7) TMI 1324X X X X Extracts X X X X X X X X Extracts X X X X ..... y ORDER P.C.: By the above Petition, the Petitioner seeks winding up of the Respondent Company - Pratibha Shipping Company Limited ("the Company") on the ground that it is unable to pay its debts. 2. The Company Petition is taken up for hearing and final disposal. 3. According to the Petitioner, an amount of US$ 87,750.80 is due and payable by the Company to the Petitioner, along with interes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iquidator which will be decided in accordance with law". 5. The Company admittedly committed a default in making the payments to the Petitioner. In view thereof, by an order dated 17th June, 2014, the Company Petition was admitted and directed to be advertised. 6. The admission of the Company Petition has accordingly been advertised, and the petition is today placed for final hearing. 7. From t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and proper person be appointed as the liquidator of the Company with all powers under the Companies Act, 1956 including the power to take charge of all assets, affairs, books of accounts, records, documents, papers, vouchers, bills, etc. of the Company in the course of winding up and to distribute the same in accordance with law." 8. The Official Liquidator shall proceed to take charge of the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X
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