1998 (3) TMI 527

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....a and G.S. Sandhawalia for the Respondent. JUDGMENT Swatanter Kumar, J. - This is a petition under section 446(1) of the Companies Act, 1956, seeking permission to proceed with the original application filed by the petitioner on February 12, 1998, pending before the Debt Recovery Tribunal, Jaipur. The necessary facts are that the State Bank of India, a body corporate, had advanced financi....

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....is located within the territorial jurisdiction of this court. As the respondent-company had failed to pay debts of other creditors, the company court in C.P. No. 45 of 1996, had directed, vide order dated October 9, 1997, the company to be wound up. The necessity for seeking such permission, thus, arose for the petitioner-bank under section 446 of the Companies Act, 1956. Notice of this peti....

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....llowed as nobody appeared to oppose the application and the amended petition was directed to be taken on record, vide order dated February 20, 1998. The application filed before the Tribunal has been annexed to the amended petition. Having heard learned counsel for the parties and keeping in view the fact that none appeared to oppose this petition, I find no legal impediment in granting the per....