2016 (7) TMI 1659

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....e Court : In spite of service of notice of this application, the company is not represented. The claim in the winding-up petition is arising out of goods sold and delivered. The petitioner is the unpaid vendor. The petitioner states that the petitioner sold, supplied and delivered petroleum products as specified by the company at an agreed rate between 16th December, 2011 and 27th June, 2013 ag....

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....pany has no defence to the claim of the petitioning creditor. Under such circumstances, the winding up petition is admitted for a sum of Rs.10.26 lakhs together with interest at the rate of 6% per annum on and from June, 2016. In the event, the company pays off the aforesaid sum in four equal monthly instalment commencing from 8th August, 2016 and payable by 8th day of each and every succeeding....