Allowed

L and T Finance Limited v. Ropa Plastics Private Limited - U25209PN2003PTC017696

Bombay HC18 Nov 2015CA/329/2013

Case brief

AI extract

What is this about?

Company Application to admit prayer clauses seeking injunction, liquidator appointment on book debts, and office properties. Respondent absent. Court allowed prayers.

What did the court decide?

Ad-interim injunction against alienation of assets; appointment of Official Liquidator as Liquidator on book debts, bank accounts, and registered offices.

L and T Finance Limited Vs Ropa Plastics Private… — Insolvency and Bankruptcy | Bombay HC (2015)

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20.CA-329-2013

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION

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COMPANY APPLICATION NO.329 OF 2013 IN COMPANY PETITION NO.478 OF 2011

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L and T Finance Limited ….Applicants/Org. Petitioners

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IN THE MATTER BETWEEN :

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L and T Finance Limited ….Petitioners

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V/s.

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Ropa Plastics Pvt. Ltd. ....Respondent ----

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Ms. S.I. Joshi i/b. S.I. Joshi and Co. for the applicant. None for the respondent.

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CORAM : K.R.SHRIRAM,J DATE : 18^th November, 2015

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P.C.:-

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1 By an order dated 4^th May, 2012, this court was pleased to admit the company petition, directed advertisement in two local newspapers and also directed the petitioners to deposit an amount of Rs.10,000/- with the Prothonotary and Senior Master.

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2 The counsel appearing for the petitioners states that they have advertised in two local newspapers viz., Free Press Journal (in English), Navshakti (in Marathi) both Mumbai edition and in the Maharashtra Government Gazette. The counsel further states that they have also filed an affidavit to that effect dated 9^th July, 2012

Gauri Gaekwad

20.CA-329-2013

affirmed by one Swamidas Shirshetty, representative of the petitioner. The counsel for the petitioners also confirms having deposited an amount of Rs.10,000/- with the Prothonotary and Senior Master.

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3 The respondents despite notice has not remained present.

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4 Since the petition has also been admitted, it will only be appropriate, the reliefs as sought by the applicant in the prayer clauses (a), (b) and (c) are granted.

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5 The application is disposed of in terms of prayer clauses (a), (b) and (c), which reads as under:-

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“(a) the ad-interim injunction be passed against the respondent company restraining them from alienating, encumbering or creating any third party rights on the registered office and other properties of the respondent company;

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(b) the Official Liquidator, High Court, Bombay be appointed as a Liquidator on the book debts and bank accounts of the respondent company;

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(c) the Official Liquidator, High Court, Bombay be appointed as a Liquidator on the registered office and other branch offices of the respondent company.”

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Gauri Gaekwad

L and T Finance Limited v. Ropa Plastics Private Limited - U25209PN2003PTC017696

Case brief

What is this about?

What did the court decide?

L and T Finance Limited v. Ropa Plastics Private Limited - U25209PN2003PTC017696

Case brief

What is this about?

What did the court decide?

What the court decided

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