https://www.taxtmi.com/caselaws?id=101657 The High Court of Rajasthan dismissed the objection raised by the creditors' counsel regarding the continuation of a winding up petition against M/s. Jaipur Oil Products Ltd. The court ruled that the mere deposit of Rs. 11 lakhs by the respondent-company did not signify an agreement to cease the petition. Emphasizing the absence of a consent order, the court allowed the petition to proceed, highlighting the creditor's right to receive payments under the Companies Act. The judgment underscored the significance of consent orders, ultimately scheduling the petition for further hearing. en-us Fri, 04 Nov 1988 00:00:00 +0530 Fri, 10 Feb 2012 15:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101657 The High Court of Rajasthan dismissed the objection raised by the creditors' counsel regarding the continuation of a winding up petition against M/s. Jaipur Oil Products Ltd. The court ruled that the mere deposit of Rs. 11 lakhs by the respondent-company did not signify an agreement to cease the petition. Emphasizing the absence of a consent order, the court allowed the petition to proceed, highlighting the creditor's right to receive payments under the Companies Act. The judgment underscored the significance of consent orders, ultimately scheduling the petition for further hearing. Case-Laws Companies Law Fri, 04 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101657