2016 (12) TMI 1606

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.... petition was taken up for hearing on 28.11.2016 on which date, a detailed order was passed after hearing the learned advocates for the respective parties. It was stated by Mr. Jaimin R. Dave, learned advocate for Mr. B. S. Soparkar, learned advocate for the respondent that the respondent - Company is unable to pay the admitted dues amounting to Rs. 21,64,17,004.68 (Rupees Twenty One Crores Sixty ....

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....spondent Company states, upon instructions, that the respondent Company is not in a position to pay the dues. Therefore, appropriate orders may be passed. 3. For the reasons stated in the order dated  28.11.2016 passed by this Court and in continuation of the same, in view of the fact that the respondent Company has reiterated its inability to pay the  admitted dues of the petitioner, t....