THE HON’BLE SRI JUSTICE C.V.NAGARJUNA REDDY Company Application No.918 of 2014 in/and Company Petition No.69 of 2014 Between:
Dated 04th August, 2014 AESSEAL India Private Limited And Ameya Laboratories Limited …Petitioner …Respondent Counsel for the petitioner: Sri D.Narender Naik for Sri T.Vinod Kumar Counsel for the respondent: Sri K.V.Simhadri The Court made the following:
ORDER:
Company Petition No.69 of 2014 is filed for an order to wind up the respondent-company for non-payment of debt due to the petitioner. This Court by order, dated 23.06.2014, admitted the company petition and directed the petitioner to carry out advertisement in two newspapers.
The petitioner has filed Comp.A.No.918 of 2014 to permit it to withdraw the company petition with liberty to it to approach the civil Court for recovery of interest with principal amount. It is stated in the affidavit filed in support of the application that after the company petition was admitted, the respondent has paid the full principal amount of Rs.7,36,148/- and that therefore, the petitioner may be permitted to withdraw the company petition with liberty to recover the interest by approaching the civil Court.
In the light of the above-mentioned request of the petitioner, Comp.A.No.918 of 2014 is allowed and the company petition is dismissed as withdrawn with liberty in terms of the prayer made.
As a sequel to dismissal of the company petition, Comp.A.Nos.443 & 444 of 2014 shall stand disposed of as infructuous.
C.V.NAGARJUNA REDDY, J 04th August, 2014
VGB