M/s. Economic Law Practice, v. M/s.Vmc Systems Ltd.
Case brief
What is this about?
The High Court closed multiple company petitions seeking winding up of VMC Systems Limited after the respondent submitted that the company was already dissolved by the NCLT. The court accepted this fact and dismissed the petitions as infructuous, allowing petitioners to avail other remedies.
What the court decided
[3219 ]
IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD
WEDNESDAY, THE FOURTH DAY OF FEBRUARY TWO THOUSAND AND TWENTY SIX
PRESENT
THE HON'BLE SMT. JUSTICE T.MADHAVI DEVI
COMPANY PETITION Nos: 41 215 271 of 2O14 45&115of2015 135 150 & 157 ol 2016
ln the matter of Companies Act, 1956 AND
ln Matter of M/s VMC Systems Limited
COMPANY PETITION No.41 of 2014
Between:
Ar1/s. Micro Plastics Pvt Ltd.,170/'1 , Sy.No.330/3, SubharamlndustrialEstate, Ivlarsur lr/larg, Kasaba Hobli, Anekal Taluk, Bangalore- 562106,
Rep. by its ltrlanaging Director, Vilendra Babu.N.
Issues for consideration
2 issues framed by the court
Whether company petitions for winding up remain maintainable after the respondent company has been dissolved by the NCLT.
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Parties & counsel
- petitioner
M/s Micro Plastics Pvt Ltd
- petitioner
Wealthtree Advisors Private Limited
- petitioner
Sojitz Corporation
- petitioner
M/s Economic Law Practice
- petitioner
Muftiry Suravarapu
- petitioner
Case details
As recorded by the court registry
- Court
- Telangana HC
- Decided on
- · February
- Registered
- Case no.
- CP/45/2015
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