HON'BLE SRI JUSTICE C.V. NAGARJUNA REDDY C.P.No.169 of 2012 Date : 22-9-2014 Between :
M/s. Ashok Polymers Limited, Represented by its Director Mr. Nawal Kishor, Hyderabad .. Petitioner And M/s. Andhra Cements Limited, Represented by its Directors, Dachepalli, Guntur District ..
Respondent Counsel for petitioner : Sri S.R. Ashok, Senior Counsel for Sri K. Raji Reddy Counsel for respondent : Sri S.S. Prasad, Senior Counsel for Ch. Ramesh Babu The Court made the following :
ORDER:
This Company Petition is filed for an order to wind up the respondent for non-payment of the debt due to the petitioner.
After several hearings of the case, the learned Senior Counsel for both sides have reported that the parties have agreed for a compromise.
A representative of the respondent is present in the Court.
It has been finally agreed that the respondent, in full and final settlement of the claim of the petitioner, will pay Rs.45,00,000/- (Rupees forty five lakhs only) to the latter within a period of three weeks from today.
In view of this fair agreement reached between the parties, the Company Petition is closed.
As a sequel to the disposal of the Company Petition, Company Application No.883 of 2014 is disposed of as infructuous.
Justice C.V. Nagarjuna Reddy Date: 22-9-2014 AM