2008 (2) TMI 622

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....rivastava appears for Hindustan Sanitary Ware and Industries Ltd. Shri Rajnath N. Shukla appears for the Official Liquidator. 2. Willard India Ltd., a public limited company registered under the Companies Act was wound up by this Court on 1-10-2007. The applications were filed on 11-10-2007 in Company Petition Nos. 115 of 1997, 13 of 2002, 4 of 2005 and 8 of 2006 for recalling the winding up order. 3. On 1-11-2007 Shri Jitendra Sethi appearing for the respondent-company (In Liq.) filed affidavit annexing therewith settlement with the Punjab National Bank (The Punjab National Bank Capital Services Ltd. has integrated back and merged with the Punjab National Bank). A compromise with Malanpur Steels Ltd. (the objector to the scheme of restru....

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....tary Ware and Industries Ltd. have agreed and confirmed that the companies represented by them have entered into settlement and since all their disputes and differ ences have been settled, they have agreed to withdraw all the proceedings against the respondent-company. 5. With regard to objections of Punjab National Bank it is stated that the respondent-company has agreed to the averments made in the affidavit dated 5-2-2008 filed by the Punjab National Bank and are ready and willing to comply with the condition and that they have no objection to the same. 6. With these statements brought on record, all the creditors, who had prosecuted the winding up petitions and had objected to the Scheme of Restructuring of Debts, have agreed to withd....