The court disposed of a winding up petition where the petitioner did not appear. The respondent submitted that an out-of-court settlement had been amicably reached and acted upon, but the absence of the petitioner precluded further inquiry into the settlement's terms.
Petition dismissed due to non-appearance of the petitioner.
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RELIGARE FINVEST LTD. ..... Petitioner
Through: None.
versus
ODEON BUILDERS PRIVATE LIMITED ..... Respondent Through: Mr. Karunesh Tandon, Advocate for respondent-company.
CORAM:
HON'BLE MR. JUSTICE SIDDHARTH MRIDUL O R D E R
% 13.01.2017
None appears on behalf of the petitioner.
Counsel appearing on behalf of the respondent-company states that the parties to the present winding up petition have amicably entered into an out-ofcourt settlement qua the underlying dispute and that the terms of the said settlement have been acted upon to the satisfaction of the petitioner.
Counsel for the respondent-company further states that the terms of the said settlement shall be honoured without demur.
Be that as it may, since none appears on behalf of the petitioner, the present petition is disposed of.
SIDDHARTH MRIDUL, J
JANUARY 13, 2017
mk
Religare Finvest Ltd.
Odeon Builders Private Limited
Siddharth Mridul
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
