2015 (11) TMI 547

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....NT : CENTRAL GOVERNMENT COUNSEL SRI.R.PRASANTH KUMAR, STANDING COUNSEL SRI.SANTHEEP ANKARATH., ADV. SRI.K.P.SUDHEER AND SRI.N.NAGARESH, ASSISTANT SOLICITOR GENERAL. JUDGMENT The petitioner was before this Court contending that the petitioner-Company has been defunct for long, from 2010 onwards, and that under a Scheme formulated by the Central Government, the petitioner had applied for windi....

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.... the consideration under the Fast Track Exit Scheme, since the petitioner-Company's assets are said to have been encumbered and charged to the 3rd respondent, which was recorded by the Registrar of Companies as provided under the Companies Act. The petitioner asserted that there is no such due to the 3rd respondent and it is only for the reason of the Company being defunct that the charge was ....