2017 (6) TMI 1268

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....ORDER 1. Heard Mr. Rashesh Sanjanwala, learned Senior Advocate assisted by learned advocates Mr. Vimal Patel and Mr. Suren B. Patel and Mr. Parth Contractor, learned advocate for the respondent. 2. By this petition under section 433, 434 and 439 of the Companies Act, the petitioner has prayed for winding up of the company known as ABG Shipyard Ltd. 3. Having heard the learned counsel appe....

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....njanwala, learned counsel appearing for the petitioner has invited the attention to the various orders that have been passed till now in this matter. The record indicates that an attempt was made by the learned counsel appearing for the parties to resolve the issue and this Court was apprised about the fact that the compromise/settlement is likely to be worked out. However, ultimately, no compromi....

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....e, this Court may adjourn the matter. 7. As against this, Mr. Sanjanwala, learned counsel appearing for the petitioner has submitted that the respondent has selectively paid to some creditors and are likely to dispose of the properties of the Company. 8. Considering the submissions made and considering the fact that the statutory notice was issued way back on 28.04.2016, which has not been e....