9911796707
TMI Blog2016 (8) TMI 1542X X X X Extracts X X X X X X X X Extracts X X X X ..... spondent Company had also issued cheques aggregating to a sum of ₹ 2.20 Crores which have been dishonoured. In these circumstances, the Respondent Company is unable to pay its debts which would entitle the Petitioner to an order of admission of the Company Petition. The Company Petition is admitted and made returnable on 19 September, 2016. - Company Petition No. 614 of 2015 - - - Dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Petition. 3 As per the aforesaid purchase orders, the Petitioner supplied the material and raised their tax invoices from time to time aggregating to a total sum of ₹ 2,21,81,246/-, the details of which have been set out from pages 4 to 8 of the Petition. 4 In discharge of their liability, the Respondent Company also issued four cheques aggregating to a sum of ₹ 2.20 Crores, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... registered office of the Respondent Company. However, the packet containing the Company Petition was also returned back with the remark unclaimed . 6 As far as the service of the statutory notice is concerned, it is not in dispute that even today the registered office of the Company, in the records of the ROC is the same as the address on which the statutory notice was sought to be served. Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion, I am satisfied that huge amounts are due and payable by the Respondent Company to the Petitioner and which are undisputed. In fact, in discharge of their liability, the Respondent Company had also issued cheques aggregating to a sum of ₹ 2.20 Crores which have been dishonoured. In these circumstances, I am clearly satisfied that the Respondent Company is unable to pay its debts which wo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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