2012 (2) TMI 199

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d (f) of the Companies Act, 1956 (herein after referred to as 'the Act' seeking to wind up the Respondent-Company by name M/s. Gopika Credit & Investment Company (herein after referred to as 'respondent - Company', which is a partnership firm having its registered office at No. 1st Floor, Gopika Building, Main Road, Sullia -574 239. 2. It is contended by the petitioners that the first responden....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....to the petitioners which are the monetary value of the Fixed Deposit receipts issued by the respondent Company. It is stated by the petitioners that the liability of the respondent Company is more than five crores and the assets are not more than three crores as on the date of the filing the petition. It is further stated that the petitioners have issued notice to the respondent Company asking for....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... interest of the investors, but the respondents have also filed documents namely the profit and loss account and balance sheet according to which the liability of the Companies are more than the assets. 4. The petition was admitted on 19.08.2009 and thereafter, the advertisement, was taken out in 'The Hindu' daily newspaper dated 31.08.2009. However, no further response has been received in thi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....is Court is appointed to take over the assets and liabilities of the Respondent-Company.  3.  Petitioners are directed to deposit a sum of Rs. 25,000/- with Official Liquidator to meet the initial expenses of winding up proceedings.  4.  Petitioners are directed to serve a copy of this order on the Registrar of Companies within 30 days.  5.  Petitioners are f....