Sanat Bhattacharya v. Official Liquidator of Arc-Tec Systems Limited (in Liqn) and Anr.
Case brief
What is this about?
The Applicant failed to comply with an order to deposit Rs.25 lacs to show bonafides. Consequently, the High Court dismissed the application for a permanent stay and directed payment of Rs.41,980 for advertisement charges.
What did the court decide?
Application for permanent stay dismissed; interim orders upheld; payment of Rs.41,980 directed.