Disposed
Aquafil Spa v. Chinar Forge Ltd.
Punjab & Haryana HCCP/140/2011
Case brief
AI extract
What is this about?
Petition for winding up of the respondent company on grounds of inability to pay debt was disposed of as infructuous upon parties reaching a settlement where respondent agreed to pay settlement amount in four instalments with liberty to revoke order in case of default.
What did the court decide?
Petition disposed of as infructuous on compromise; liberty granted to revive petition in case of default by respondent.