2013 (2) TMI 849 - HC - Companies Law

Summary

The High Court of Calcutta modified an order on a creditor's winding-up petition, allowing the company to pay Rs. 4.50 lakh in 12 monthly installments starting from March 31, 2013. Failure to make payments will result in advertisements in "The Statesman" and "Bartaman," with the matter returning to court after four weeks. No costs were awarded, and publication in the official gazette was not required.