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of <h1>Modification of Creditor's Winding-Up Order Allows Company to Pay in Installments</h1> <h3>SURETECH INFRASTRUCTURE PVT. LTD. Versus UNIT CONSTRUCTION CO. PVT. LTD.</h3> The High Court of Calcutta modified the order on a creditor's winding-up petition, permitting the company to pay Rs. 4.50 lakh in 12 monthly installments ... - The High Court of Calcutta modified an order on a creditor's winding-up petition, allowing the company to pay Rs. 4.50 lakh in 12 monthly installments starting from March 31, 2013. Failure to make payments will result in advertisements in 'The Statesman' and 'Bartaman,' with the matter returning to court after four weeks. No costs were awarded, and publication in the official gazette was not required.
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