Dismissed

Uco Bank v. Vtx Industries Ltd.

Madras HC7 Jun 2024CP/164/2013

Case brief

AI extract

What is this about?

The High Court dismissed the Company Petition for winding up VTX Industries Limited as a further order was unnecessary due to a prior winding up order dated 23.06.2014 passed in a related petition. The petitioner was granted liberty to claim before the Official Liquidator.

What did the court decide?

The Company Petition is dismissed with liberty to the petitioner to make their claim before the Official Liquidator within eight weeks.

Uco Bank Vs Vtx Industries Ltd. — Madras HC (2024) — LawSathi Research

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C.P.No.164 of 2013

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED : 07.06.2024

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CORAM:

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THE HONOURABLE MR.JUSTICE KRISHNAN RAMASAMY

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C.P.No. 164 of 2013

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UCO Bank Having its head office at 10 BTM Sarani, Kolkatta 700 001 and having its branch office at Sri Murugan Towers, 1524/1287 Trichy Road, Coimbatore 641 018. Represented by its Chief Manager Mr.Priyapada Mishra

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... Petitioner

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Vs.

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VTX Industries Limited, having its registered office at 2/185, Palladam Road, Puliampatti, Coimbatore 642 002, Tamil Nadu. ...Respondent

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Prayer :- This Company Petition has been filed under Sections 433(e) read with Section 434(1)(a) and Section 439(1)(b) of the Companies Act, 1956, read with Rules 95 of the Company (Court) Rules, 1959, praying to wound up the respondent company, namely M/s.VTX Industries Limited by this Court; to appoint the Official Liquidator of this Court as the liquidator of the Respondent company and to direct that the costs of this petition come out from the estate of the respondent company.

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For Petitioner : Mr.Surya Teja SS Nalla for M/S.T.K.Bhaskar

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C.P.No.164 of 2013

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For Respondent : No appearance

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ORDER

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The prayer in this Company Petition is to wind up the company, namely M/s.VTX Industries Limited.

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This Court, already passed an order on 23.06.2014 in

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C.P.No.151 of 2013, ordering winding up of the aforesaid company.

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3. In view of the above, no further order is required in this

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Company Petition. Accordingly, the Company Petition is dismissed with liberty to the petitioner to make their claim before the Official Liquidator within a period of eight weeks from the date of receipt of a copy of this order.

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07.06.2024

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Index:Yes/No Web:Yes/No Speaking/Non Speaking Neutral Citation:Yes/No jd

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C.P.No.164 of 2013

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KRISHNAN RAMASAMY.J jd

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C.P.No. 164 of 2013

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07.06.2024

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Uco Bank v. Vtx Industries Ltd.

Case brief

What is this about?

What did the court decide?

Uco Bank v. Vtx Industries Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

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