This order directs the respondent-petitioner in a winding-up petition to deposit Rs. 25,000 as initial expenses with the Official Liquidator within four weeks.
Respondent directed to deposit Rs. 25,000 within four weeks with Official Liquidator.
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.
HON’BLE SRI JUSTICE A. RAJASHEKER REDDY COMPANY APPLICATION NO.1148 of 2014 IN
COMPANY PETITION No.38 OF 2014
ORDER:
At the instance of the respondent herein, the petitioner, company in liquidation, was earlier wound up by orders in C.P.No.38 of 2014 dated 30.07.2014 and Official Liquidator was appointed as Liquidator of the Company. However, as no directions were given in the said order to the petitioner therein to deposit tentatively, token amount towards initial expenses, the Official Liquidator came up with the present application seeking that the respondent, who is the petitioner in C.P.No.38 of 2014, be directed to deposit Rs.25,000/- towards initial expenses with the Official Liquidator. The said request deserves to be considered.
Accordingly, this Company Application is ordered. The respondent is directed to deposit Rs.25,000/- within four weeks with the Official Liquidator, which shall be subject to the further proceedings including winding up order after ascertainment and recovery from the assets.
_____________________________ A. RAJASHEKER REDDY, J
Date: 27-10-2014 dv
Official Liquidator
Company in Liquidation
A. RAJASHEKER REDDY
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
