On 07 April 2022, the High Court of Karnataka disposed of a winding-up petition filed under Section 433 of the Companies Act, 1956 after the petitioner informed the court that no prosecution would be undertaken due to an out-of-court settlement.
The petition was disposed of as the petitioner intended no further prosecution.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 07TH DAY OF APRIL 2022
BEFORE
THE HON’BLE MR. JUSTICE B. M. SHYAM PRASAD
COMPANY PETITION NO.3/2014
BETWEEN :
SMT. B. R. HAMSAVENI W/O SRI VALLABHA RAMU, AGED ABOUT 51 YEARS, PROPRIETRIX M/S. INTERSTATE CARGO MOVERS #B-50, 1ST FLOOR, D.D.U.T.T.L, 2ND STAGE, INDUSTRIAL SUBURB, YESHWANTHPUR, BANGALORE - 560 022.
... PETITIONER
(BY SRI. YOGA NARASIMHA GUPTA A, ADVOCATE)
AND :
M/S GEODESIC TECHNIQUES PVT. LTD., REGISTERED OFFICE, PLOT NO.4 4TH CROSS, 1ST STAGE, PEENYA INDUSTRIAL ESTATE, BANGALORE - 560 058.
... RESPONDENT
(BY SRI.ASHOK PATIL, ADVOCATE)
THIS PETITION IS FILED UNDER SECTION 433(e) & (f) OF THE COMPANIES ACT, 1956, PRAYING TO WIND UP M/S. GEODESIC TECHNIQUES PVT LTD., UNDER THE PROVISIONS OF COMPANIES ACT AND TO APPOINT AN OFFICIAL LIQUIDATOR AS LIQUIDATOR OF THE COMPANY
2
TO TAKE POSSESSION OF THE ASSETS, PROPERTIES, BOOKS AND RECORDS OF THE COMPANY FORTHWITH.
THIS PETITION COMING ON FOR ARGUMENTS, THIS DAY, THE COURT MADE THE FOLLOWING:-
O R D E R
The learned counsel for the petitioner seeks leave to place on record a memo stating that the petitioner does not intend to prosecute the petition because of an out-of-Court settlement.
The memo is taken on record. The petition stands disposed of accordingly.
Sd/JUDGE
SA/Ct:sr
1 provisions across 1 enactments
SMT. B. R. HAMSAVENI
M/S GEODESIC TECHNIQUES PVT. LTD.
B. M. SHYAM PRASAD
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
