2010 (4) TMI 1170

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..... dra Suitings Limited under the provisions of the Companies Act, 1956, more particularly, under secs.433 and 434 of the Companies Act, 1956. 2. Earlier it was reported that as the respondent Company was before the BIFR and thereafter AAIFR, the proceedings of the present Company Petition were stayed and as such, the Company Petition was admitted by order dtd.4/9/2000, however, order of publicati .....

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..... shed as directed by this Court vide order dtd.9/2/2010. 3. Mr.Ashok L. Shah, learned advocate appearing on behalf of the respondent Company has fairly conceded that the respondent Company has no case on merits and that the respondent Company does not contest the petition. It is submitted that the respondent Company has failed before the BIFR and AAIFR. 4. Considering the above and even other .....

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..... dator is hereby directed to take possession of the properties (movable and immovable) of the respondent company along with its bank accounts, cash and accounts books, etc. immediately after preparing inventory and Panchnama. The inventory and the Panchnama of the properties of the respondent Company shall be made by the Official Liquidator immediately without wasting any further time. The Official .....

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