9911796707
TMI Blog2014 (7) TMI 1324X X X X Extracts X X X X X X X X Extracts X X X X ..... mpany be wound up. In view thereof, the Company Petition is allowed in terms that the said Company namely, Pratibha shipping Company Limited, having its registered office at 1201/02, Arcadia, NCPA Road, Nariman Point, Mumbai400021, Maharashtra, be ordered to be wound up by and under the directions, supervision and control of this Hon'ble Court under the provisions of the Companies Act, 1956 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith interest for the necessaries to be supplied by the Petitioner to the various vessels of the Company. 4. The Petitioner and the Company filed Consent Terms dated 22nd August, 2013 before this Court (Coram: N.M. Jamdar, J.) whereunder the Company agreed to pay the said amount of US $ 87,750.80 along with the interest at the rate of 6 per cent per annum from 17th January, 2013 to the Petitione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... earing. 7. From the aforestated facts, it is clear that the Company is commercially insolvent and is admittedly unable to pay its debts and deserves to be wound up. The learned Advocate appearing for the Company has on instructions informed the Court that the Company be wound up. In view thereof, the Company Petition is allowed in terms of prayer clauses (a) and (b) which are reproduced hereund ..... X X X X Extracts X X X X X X X X Extracts X X X X
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