THE HON’BLE SRI JUSTICE C.V. NAGARJUNA REDDY COMPANY PETITION No.138 of 2012 Dated: 16.07.2014 Between:
M/s. Citibank N.A., a Corporate Body, Having its registered office at New York, USA and its branch office at Queens Plaza, S.P. Road, Begumpet, Secunderabad, rep. by its GPA holder and authorized signatory Mr. Maheshwar Rao Patha.
.. Petitioner and M/s. Kasukurthi Sujatha Constructions Pvt. Ltd. Incorporated under the provisions of the Indian Companies Act, 1956, having its registered office at 2-83/4, Kakatiyanagar, Street No.1, Habsiguda, Hyderabad-500007, Rep. by its Directors Mr. Jagan Mohan Rao, Mrs. K. Sujatha and Ms. K. Radhika.
.. Respondent Counsel for the Petitioner: Mr. Nishit Bhattacharjee For Mr. Deepak Bhattacharjee Counsel for the Respondent: Mr. P. Vikram The Court made the following:
ORDER:
This company petition is filed for ordering winding up of the respondent for non-payment of debt due to the petitioner.
At the hearing, Mr. Nishit Bhattacharjee, learned counsel, representing Mr. Deepak Bhattacharjee, learned counsel for the petitioner, submitted that after filing of this company petition, O.T.S. was sanctioned in favour of the respondent and that in pursuance thereof, the respondent has paid the amount settled under O.T.S.
In view of the above submission, the company petition is dismissed as the dispute is settled out of Court.
As a sequel to dismissal of the company petition, Company Application No.809 of 2012 shall stand disposed of as infructuous.
C.V.NAGARJUNA REDDY, J 16th July, 2014 IBL