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2016 (4) TMI 1475

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..... he documents annexed thereto, it is, prima facie, evident to the Court that the respondent Company, after having admitted the dues it owes to the petitioner, is unable to make the payment of the same. Petition admitted - The final hearing of the petition shall be taken place on 09.06.2016. - Honourable Smt. Justice Abhilasha Kumari For the Petitioner No. 1 : Mr. Viral K Shah, Advocate. For the R .....

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..... business of trading of Tin Sheets, C.R.C. Black Sheets, industrial scraps and other steel products, in India. The respondent Company is engaged in the manufacture of seamless and welded steel pipes. It is further submitted that the respondents approached the petitioner for the supply of HR Coils/Steel products and subsequently placed orders for the supply of the above goods on 19.04.2013, 04.06.20 .....

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..... tal outstanding amount due and payable to the petitioner from the respondent, as on 31.03.2015 is Rs. 7,95,51,280/. The respondent Company has accepted its liability towards the aforesaid payment to the tune of Rs. 7,95,51,280/vide an Email dated 08.06.2015, a hard copy of which is annexed as Annnexure G. Learned advocate for the petitioner further submits that the respondent Company is deliberate .....

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