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2018 (11) TMI 247

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..... fficial Liquidator attached to this Court is appointed as the Provisional Liquidator. He is directed to take over all the assets, books of accounts and records of the respondent-company forthwith. The citations be published in the Delhi editions of the newspapers ‘Statesman’ (English) and ‘Veer Arjun’ (Hindi), as well as in the Delhi Gazette, at least 14 days prior to the next date of hearing. - CO.PET. 896/2015 - - - Dated:- 25-9-2018 - MR. JAYANT NATH J. Petitioner Through Mr. Rajiv K Garg, Adv. Respondents Through Mr. Sunil Chaudhary, Adv. JAYANT NATH, J.(ORAL) 1. This petition is filed under Sections 433(e) and 434(f) of the Companies Act, 1956 seeking winding up of the respondent Company. 2. The case of the pet .....

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..... khs only leaving a balance of ₹ 45 lakhs which the respondents had requested that the said PDC be not presented. On 20.06.2009, again the respondents requested the petitioner for extension of time to pay the balance amount till 30.09.2009, and issued three PDCs dated 30.09.2009 towards the balance amount of ₹ 45 lakhs. Similarly, a cheque for ₹ 1,60,785/- towards the interest was also issued as issued. Again on 02.02.2010 respondents asked for extension of three months for the repayment of the balance of ₹ 45 lakhs and issued PDCs dated 31.05.2010 towards repayment and interest payable for the balance amount. This process appears to have gone on subsequently when again the respondents handed over three PDCs on 30.09. .....

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..... oday this matter was heard along with Co.Pet. No.861/2015, titled Bon Lon Securities Ltd. v. ICRI Research Pvt. Ltd., (2013) 199 DLT 267. 6. The facts and issues which arise in Co.Pet. No.861/2015 are virtually identical as are in the present case. For the same reasons as stated by me in previous order in Co.Pet. No.861/2015, the present petition is also admitted. 7. Accordingly, I admit the present petition. The Official Liquidator attached to this Court is appointed as the Provisional Liquidator. He is directed to take over all the assets, books of accounts and records of the respondent-company forthwith. The citations be published in the Delhi editions of the newspapers Statesman (English) and Veer Arjun (Hindi), as well a .....

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