The High Court of Telangana dismissed a company petition under Sections 433(e), 439(1)(b) of the Companies Act, 1956 as withdrawn upon settlement out of court, following the petitioner's application for withdrawal.
Application for withdrawal allowed; Company Petition dismissed as withdrawn.
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IN THE HIGH COURT FOR THE STATE OF TELANGANA
AT HYDERABAD
FRIDAY, THE EIGHTEENTH DAY OF JUNE TWO THOUSAND AND TWENTY ONE
PRESENT
THE HONOURABLE SRI JUSTICE CHALLA KODANDA RAM
l.A. NO. 10F 2021
IN/AND
COMPANY PETITION NO: 271 OF 201s
IN THE MATTER OF THE COMPANIES ACT, 1956
AND
IN THE MATTER OF M/S, VSA INFRA PROJECTS PRIVATE LIMITED.
Between:
Ivl/s Kotak Mahindra Bank Limited, having its Registered Office at No.27 BKC, C27, G Block, Bandra Kurla complex, Bandra (East) Mumbai Rep. by its Authorized ...PETITIONER COMPANY in both Signatory Mr. S.Arumugam. AND
M/s. V. S. A. lnfra Projects Private Limited, Registered Office at Shop No.10, Ir/ulti Stories Complex 1E, Prashanth Nagar, Kukatpally, Ranga Reddy District, Telangana - 500072. Rep. by its lvlanaging Director [,,4 r. Kondal Reddy Kantareddy.
...RESPONDENT COMPANY in both
Company Petition Under Sections 433 (e), 3a 1 @), 439 1 (b) of the Companies Act, 1956 praying that this Hon'ble Court may be pleased to
a) The Respondent Company herein be wound up in accordance with the provisions of the Companies Act, 1956.
b) That the Official Liquidator be appointed as Liquidator of the Respondent Company with all its powers under section 450 of the Companies Act, 1956.
c) That pending the admission and final disposal of this Petition the Official Liquidator attached to this Hon'ble Court or some other fit and proper person is appointed as provisional Liquidator of V S A lnfra Projects Private Limited with all powers under the provisions of the companies Act,'1956.
d) To pass an ad-interim injunction restraining the Respondent Company, its directors, officers in charge of day to day affairs from disposing off, transferring, encumbering, alienating or parting with possession of any of the assets of the company.
e) To award costs of this petition.
A NO: 1 OF 2021
Petition under Section 151 CPC praying that in the circumstances stated in the affidavit filed in support of thepetition, the High Courtmay be pleasedto postthe above company petition under the caption for"withdrawl"
Counsel for the Petitioner in both: SRI N. HARINATH
Counsel for the Respondent in both: SRI B. CHANDRASEN REDDY
The Court made the following: ORDER
h
THE HON'BLE SRI JUSTICE CHALLA KODANDA RAM
LA.No,1 of 2O21
InlAnd
COMPANY PETITION No.271of 2O15
COMMON ORDER
On the representation made by both the learned counsel on 10.06.2021 that the matter has been settled out of Court, this Court adjourned the matter to enable the petitioner to file appropriate application as the petitioner intended to withdraw the company petition.
I.A.No.1 of 2027 is filed seeking permission to withdraw the company petition. Learned counsel for the respondent reports no objection.
Accordingly, I.A.No.1 of 202t is ordered, and the Company petition is dismissed as withdrawn. No costs. rvlisceIaneous apprications, if any pending, shall also stand closed.
To
SD/. M. SANTHI VARDHANI JOINT REGISTRAR L-1D ,TRUE COPY// SECTION OFFICER
KUL TP 7-
HIGH COURT
DATED: 1810612021
ORDER
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t.A. NO.1 0F 2021 IN/AND CP.No.271 o12015
ORDERING THE I.A. NO.1 OF2021 AND DISMISSING THE COMPANYPETITION AS WITHDRAWN,
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Kotak Mahindra Bank Limited
M/s. V. S. A. lnfra Projects Private Limited
Challa Kodanda Ram
As recorded by the court registry
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