M/S. Barmare Timber Traders v. M/S. G.S. Entertainment Pvt. Ltd.
Case brief
What is this about?
The Bombay High Court disposed of a company petition by ordering the respondent to deposit Rs. 2.5 lakhs in the registry. The petitioner was directed to file a civil suit within six weeks of the deposit, wherein the amount would be transferred to the suit court. Failure to file the suit would result in the return of the deposit to the respondent.
What did the court decide?
Respondent to deposit Rs. 2.5 lakhs in four weeks; Petitioner to file civil suit within six weeks of deposit.