Allowed

M/S Tata Capita Financial Services Ltd. (Transferee of Tata Capital Limited ) v. M/S Union Batteries Private Ltd. Cin U31402PN1996PTC013587

Bombay HC29 Nov 2016CP/168/2015

Case brief

AI extract

What is this about?

The Bombay High Court, on an undertaking marked against, allow the company petition filed by Tata Capital and order the winding up of the respondent company, Union Batteries Private Limited.

What did the court decide?

The company is ordered to be wound up; the Official Liquidator, High Court Bombay, is appointed as liquidator.

What the court decided

M/S Tata Capita Financial Services Ltd. (Transferee… — Insolvency and Bankruptcy | Bombay HC (2016)

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Chittewan

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

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COMPANY PETITION NO.168 OF 2015

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M/s Tata Capital Financial Services Ltd. ... Petitioner Versus

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M/s Union Batteries Private Limited … Respondent

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Mr. Shavez Mukri a/w Ms. Nishitha Nambiar i/b Indialaw for the Petitioner. None for the Respondent.

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CORAM : S.C.GUPTE, J.

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DATE : 29 NOVEMBER 2016.

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P.C. :

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. After admission of the petition, the petition was duly advertised in local Newspapers and also in Government Gazette and affidavit of such publication has already been filed by the Petitioner. After publication, at the hearing of the petition, an undertaking was given before the Court by the Respondent on 29 April 2015 for payment of an amount of Rs.15,00,000/- on or before 15 May 2015. Despite this undertaking, no amount was paid by the Respondent-company to the Petitioner. On the last occasion, i.e. on 5 August 2016, when the matter was called out for the hearing, none appeared for the Respondent. The matter was, accordingly, stood over to the next date. Even today, none appears for the Respondent. The petition is based on a term loan extended by the Petitioner to the Respondent. There is no dispute raised at any stage with regard to the Petitioner's debt as per particulars of claim filed at Exhibit 'G' to the petition. The total dues are in the sum of Rs.2,93,21,934/-.

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Chittewan

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In the premises, the petition is allowed and the Respondentcompany is ordered to be wound up, accordingly, in terms of the following order :

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(i) The petition is allowed and the Company is ordered to be wound up;

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(ii) The Official Liquidator, High Court, Bombay is appointed as a liquidator of the Company;

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(iii) The Official Liquidator shall forthwith act on a copy of this order without waiting for any Notification;

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(iv) The Company Petition is, accordingly, disposed of.

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(S.C.GUPTE, J.)

M/S Tata Capita Financial Services Ltd. (Transferee of Tata Capital Limited ) v. M/S Union Batteries Private Ltd. Cin U31402PN1996PTC013587

Case brief

What is this about?

What did the court decide?

What the court decided

M/S Tata Capita Financial Services Ltd. (Transferee of Tata Capital Limited ) v. M/S Union Batteries Private Ltd. Cin U31402PN1996PTC013587

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

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Coram

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