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TMI Blog2011 (12) TMI 266X X X X Extracts X X X X X X X X Extracts X X X X ..... of dues of the petitioner company and also sought for appointment of Official Liquidator attached to this court to take custody and charge of the assets of the respondent company. 2. In the petition it is averred that petitioner is a Private Limited Company registered under the provisions of the Companies Act having its registered office at 19th KM, Mysore Road, Anchepalya, Chellaghatta Road Cross, Bangalore - 560 074, having engaged in the business of manufacturing PVC compounds 3. Respondent is a company incorporated and registered under the Companies Act, 1956 having its registered office at No. 120, Cunningham Road, Bangalore - 560 052. It was carrying on the business of consultancy engineers for the project of Cements, Steel, Rayo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ance on 27.02.2009. In spite of granting sufficient time, objections has not been filed and no steps have been taken to pay the dues. On 17.08.2009 this court finally granted time till 21.08.2009 to file statement of objections. In spite of granting opportunity, respondent has not filed objections. This court by order dated 21.08.2009 admitted the company petition and directed the petitioner to take out advertisement on or before 10.09.2009 indicating the date of hearing as 09.10.2009 in "The Hindu" English daily newspaper, Bangalore edition. Accordingly advertisement has been taken out in "The Hindu" newspaper and memo has been filed before court on 10.09.2009. In spite of admission of the petition and advertisement, no steps have been tak ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tioner company. In pursuant to the advertisement, nobody has filed objections to the winding up petition. Petitioner has made out a case for passing winding up order. 7. In the circumstances, I pass the following: ORDER 1. Petition is hereby allowed. 2. Respondent, company is ordered to be wound up. Official liquidator attached to this court is appointed to take over the assets and liabilities of the respondent company. 3. Petitioner is directed to deposit a sum of Rs. 25,000/- with Official Liquidator to meet the initial expenses of winding up proceedings. 4. Petitioner is directed to serve a copy of this order on the Registrar of Companies within 30 days. 5. Petitioner is further directed to take out advertisemen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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