Petition for winding up of respondent for debt default was disposed of as infructuous when counsel informed the court that the matter was amicably settled and the debt paid.
Petition disposed of as infructuous; no winding up order.
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CP No.152 of 2010 (O&M) Date of Decision: 24.10.2013
M/s Chemicals Sales Agency
(now known as Flourish Paper and Chemicals Ltd.) . . . . Petitioner
VS.
AST Paper Mills Ltd.
. . . . Respondent ****
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Present: None for the petitioner
Mr. CL Verma, Advocate for the respondent
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(1). This petition under Section 434 & 439 of the Companies Act, 1956 seeks winding up of the respondent-Company in default of its debt liability.
(2). During the course of hearing, learned counsel for the respondent states that as per the instructions received by him, the matter has been amicably settled and the due amount has been paid to the petitioner rendering this petition as infructuous.
(3). In view of the statement made by counsel for the respondent, this petition is disposed of as having become infructuous.
(4). Ordered accordingly. Dasti .
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Vishal V 2013.12.10 12:58 I attest to the accuracy and integrity of this document
M/s Chemicals Sales Agency (now Flourish Paper and Chemicals Ltd.)
AST Paper Mills Ltd.
As recorded by the court registry
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