Madras High CourtCP/167/2016ordered

Madras Shoe Fabrik Limited v. Registrar Of Companies

2017-12-07Honourable Mr Justice M.M.Sundresh3 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 07.12.2017

CORAM

THE HONOURABLE MR. JUSTICE M.M.SUNDRESH Company Petition No.167 of 2016 Madras Shoe Fabrik Limited, a company incorporated under the Companies Act, 1956 and having its Registered Office at 16A, Vivekanandar Street, Belliappa Nagar, Walajapet-632 513.

Vellore District, Tamil Nadu, represented by its Managing Director Mr.S.Palaniappan .. Petitioner Company petition filed under Section 433(a) read with Section 439(1)(a) of the Companies Act, 1956 for winding up of the petitioner company.

For Petitioner :

Mr.K.Ramasamy Mr.G.Venkatesh,C.G.C

ORDER

This company petition is filed under Section 433 (a) read with Section 439(1) (a) of the Companies Act, 1956, seeking voluntary winding up.

2. Both the learned counsel as well as the Official Liquidator

would submit that all the creditors have no objection insofar as their respective outstanding is concerned.

3. The learned Official Liquidator would submit that for the initial expenses, the petitioner will have to deposit a sum of Rs.1,00,000/- (Rupees one lakh only) with the Official Liquidator. Thereafter, the Official Liquidator would make an advertisement calling for further claims, if any.

4. It is needless to state that if any new claim comes, the Official Liquidator shall take up the same and file a final report after completing the formalities.

5. With the above direction, the company petition seeking winding up stands ordered.

07.12.2017 raa M.M.SUNDRESH,J.

raa Comp. Petition No.167 of 2016 07.12.2017