A winding-up petition against a company for failure to pay debts was settled when the petitioner, party-in-person, accepted Rs.1,98,652 by demand draft in full and final settlement and withdrew the petition; the Court dismissed it as settled.
Settlement amount of Rs.1,98,652 handed to petitioner; petition dismissed as not pressed.
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NC: 2024:KHC:13035 COP No. 46 of 2014
IN THE HIGH COURT OF KARNATAKA AT BENGALURU
DATED THIS THE 28TH DAY OF MARCH, 2024
BEFORE
THE HON'BLE MR JUSTICE SURAJ GOVINDARAJ
COMPANY PETITION NO. 46 OF 2014
BETWEEN:
ANANTHA JOTHI RICHARD S/O RICHARD.J FLAT NO.302, SOUNDARYA PRANAV APARTMENT, RANKA COLONY ROD, BILEKAHALLI, BANGALORE-560078.
…PETITIONER
(BY SRI. ANANTHA JOTHI RICHARD-PARTY IN PERSON)
AND:
Digitally signed by NARAYANAPPA LAKSHMAMMA Location: HIGH COURT OF KARNATAKA
AVESTHAGEN LIMITED HAVING ITS REGISTERED OFFICE AT DISCOVERER 9TH FLOOR UNIT 3, INTERNATIONAL TECH PARK, WHITEFIELD ROAD, BANGALORE-KA-560066 MOVED TO CURRENT BUILDING ON MAHATHMA GANDHI ROAD, AVESTHAGEN ONE, 7/6 BRUNTON ROAD, BANGALORE. KA-560025. REPRESENTED BY ITS MANAGING DIRECTOR DR.VILLOO MORAWALA PATELL
…RESPONDENT (BY SMT. LAKSHNEY IYENGAR., SR. ADVOCATE A/W SMT. APARNA MAHESH HIREMATH., ADVOCATE FOR SRI. SURESH T S.,ADVOCATE)
NC: 2024:KHC:13035 COP No. 46 of 2014
THIS COMPANY PETITION IS FILED UNDER SECTION 433(E)(F) OF THE COMPANIES ACT, 1956 PRAYING TO PASS AN ORDER FOR WINDING UP OF AVESTAGEN LIMITED, UNIT NO.3, DISCOVER BUILDING, 9TH FLOOR, INTERNATIONAL TECH PARK, WHITEFIELD ROAD, BANGALORE-560066, IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 1956 AND ETC.
THIS COMPANY PETITION, COMING ON FOR ORDERS, THIS DAY, THE COURT MADE THE FOLLOWING:
ORDER
NC: 2024:KHC:13035 COP No. 46 of 2014
28.03.2024 has been today handed over to the petitioner which he acknowledges receipt.
Sd/JUDGE
LN
1 issue framed by the court
Whether the respondent-company should be wound up for inability to pay its debts.
1 provisions across 1 enactments
Anantha Jothi Richard
Avesthagen Limited
Suraj Govindaraj
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
