The petition for winding up under the Companies Act, 1946 was disposed of as n't pressed after the respondent deposited the principal amount, resulting in a payment order to the Registry.
Directivity to Registry to pay principal amount to petitioner.
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C/COMP/91/2016 ORDER
IN THE HIGH COURT OF GUJARAT AT AHMEDABAD
R/COMPANY PETITION NO. 91 of 2016
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ULTRA TECH CEMENT LTD
Versus
JAISU SHIPPING COMPANY PVT. LTD.
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Appearance:
ADITYA A GUPTA(7875) for the PETITIONER(s) No. 1 MR AR GUPTA(1262) for the PETITIONER(s) No. 1 MR DEEP D VYAS(3869) for the RESPONDENT(s) No. 1
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CORAM: HONOURABLE MR.JUSTICE C.L. SONI
Date : 07/05/2018 ORAL ORDER
2. On 27.04.2018, following order was made:
“Learned advocate Mr. Gupta appearing for the petitioner states that he has been instructed by the authorized officer of the petitioner company to state before this Court that the petitioner company is agreeable to accept the principal amount and to forget the interest if the respondent company pays the principal amount within a week from today. On such statement, learned advocate Mr. Vyas appearing for the respondent company states under the instruction of the authorized office of the respondent company that the respondent company shall deposit the principal amount with the Registry of this Court on or before 2nd May, 2018.
S.O. to 3rd May, 2018. ”
Page 1 of 2
C/COMP/91/2016 ORDER
(C.L. SONI, J)
GUPTA*
Page 2 of 2
1 issue framed by the court
Whether the winding up petition presses for disposal as it has been compromised by the deposit of the principal amount.
1 provisions across 1 enactments
ULTRA TECH CEMENT LTD
JAISU SHIPPING COMPANY PVT. LTD.
C.L. SONI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
