TMI Blog2012 (12) TMI 1202X X X X Extracts X X X X X X X X Extracts X X X X ..... he Official Liquidator be appointed as Liquidator on the assets of the company. 2. The Respondent company, which is the private limited company was incorporated on 18th April 1984. The authorised share capital of the company is ₹ 28 crores only, divided into 28 lakhs equity shares of ₹ 10 each. The Company is in the business of manufacturing and export of premier personal products, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Court of Chief Judicial Magistrate, Alipore. The Respondent company thereafter issued two cheques on 17th May 2012, one for the sum of ₹ 25 lakhs towards principal sum and the other for the sum of ₹ 60,103/towards interest. The cheque for the sum of ₹ 60,103/was cleared, however the cheque for the sum of ₹ 25 lakhs was again dishonored. 5. The petitioner therefore issu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e without any delay. ... 6. The petitioner has filed an affidavit of service stating that the copy of the petition has been served on the Respondent company by personal service and the acknowledgment thereof has been annexed to the affidavit of service. None appears when the matter is called out, nor any appearance is filed. 7. The learned counsel for the petitioner submits that the Respond ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion is made out. Primafacie it appears that the Company is unable to pay its debts. There is no dispute raised by the Respondent Company, let alone any bonafide dispute. Accordingly the company petition is admitted. 9. The petitioner shall deposit an amount of ₹ 10,000/- towards the advertisement within three weeks from today. Upon depositing the amount the company petition shall be adver ..... X X X X Extracts X X X X X X X X Extracts X X X X
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