2014 (7) TMI 1324

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.... ORDER P.C.: By the above Petition, the Petitioner seeks winding up of the Respondent Company - Pratibha Shipping Company Limited ("the Company") on the ground that it is unable to pay its debts. 2. The Company Petition is taken up for hearing and final disposal. 3. According to the Petitioner, an amount of US$ 87,750.80 is due and payable by the Company to the Petitioner, along with interest....

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....quidator which will be decided in accordance with law". 5. The Company admittedly committed a default in making the payments to the Petitioner. In view thereof, by an order dated 17th June, 2014, the Company Petition was admitted and directed to be advertised. 6. The admission of the Company Petition has accordingly been advertised, and the petition is today placed for final hearing. 7. From th....