Sanghvi Movers Ltd. v. Petron Engineering Construction Ltd. Cin No. L45202MH1976PLC019135
Case brief
What is this about?
The High Court at Bombay dismissed a company application seeking appointment of a provisional liquidator as payments from the respondent under a settlement agreement were current. The court reserved liberty to approach if future defaults occur.
What did the court decide?
Application for provisional liquidator dismissed; liberty reserved to move appropriate application upon future default by respondent.