The petition was dismissed in default due to the non-appearance of the Managing Director of the petitioner company after previous orders dated 27.7.2017 and 27.11.2017.
Petition dismissed in default.
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$~CP-21
NITI INTERNATIONAL LTD. ..... Petitioner Through Mr.Raunak Singh, proxy counsel
versus
SHREE SAGARMATHA DISTRIBUTORS PVT. LTD... Respondent Through Mr.Somesh Arora, Adv.
CORAM: HON'BLE MR. JUSTICE JAYANT NATH
O R D E R
%
22.03.2018
Despite order dated 27.7.2017 and 27.11.2017 Mr.Vijender Kumar, Managing Director of the petitioner company has not appeared. Mr.Vijender Kumar Kedia, Director of the respondent company is present in Court in person.
Learned counsel appearing for the petitioner states that the Managing Director of the petitioner is based in Singapore and despite several attempts they are not getting instructions from the said person.
It is quite clear that the petitioners are not prosecuting this petition. Petition is dismissed in default.
It is pointed out that by order dated 19.2.2013 the respondent without prejudice to its rights and contentions had deposited in court a Fixed Deposit for the entire sum claimed by the petitioner, namely, Rs.23,42,856/-. The said amount be released to the respondent alongwith accumulated interest.
JAYANT NATH, J
MARCH 22, 2018/ n
NITI INTERNATIONAL LTD.
SHREE SAGARMATHA DISTRIBUTORS PVT. LTD
Jayant Nath
As recorded by the court registry
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