2018 (1) TMI 1642

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.... order : This Company Petition has been filed seeking to wind up the Respondent Company - Jaylaxmi Sugar Products (Nitali) Pvt. Ltd. on the ground that it is unable to pay its debts. It is the case of the Petitioner that the Respondent Company is indebted to the Petitioner in the sum of Rs. 3.44 Crores which is inclusive of interest. 2 It is the case of the Petitioner that during the course of business of the Respondent Company, the Respondent Company had approached the Petitioner for supply of various materials. The Respondent Company had supplied the materials as per their various purchase orders, the details of which have been set out in paragraph 5 of the Petition. 3 As per the aforesaid purchase orders, the Petitioner supplied th....

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..... This being the position, and applying the ratio of the decision of this Court in the case of Deepak Machineries Pvt. Ltd. Vs Ispat Industries Ltd.1 I am satisfied that the service of the statutory notice is complete and good service. 7 On the same parity of reasoning and applying the ratio of the decision of this Court in the case of M/s Euroamer Garuda Resorts (India) Pvt. Ltd. Vs. Endeavour Media Management Pvt. Ltd.2 , I am satisfied that the service of the Company Petition is complete and good service. Despite service, none have appeared today and no affidavit-in-reply has been filed. 8 After going through the papers and proceedings in the Company Petition, I am satisfied that huge amounts are due and payable by the Respondent Com....