Jtg Alloys Pvt.Ltd.& ORS. v. M/S Kotak Mahindra Bank

I N THE HI GH COURT OF PUNJAB AND HARYANA AT CHANDI GARH CAPP- 22- 2016 ( O&M) Dat e of deci si on: - 27. 09. 2016 JTG Al l oys Pvt . Lt d. and ot her s . . . Appel l ant s Ver sus M/ s Kot ak Mahi ndr a Bank . . . Respondent CORAM: HON' BLE MR. JUSTI CE S. J. VAZI FDAR, CHI EF JUSTI CE HON' BLE MR. JUSTI CE DEEPAK SI BAL Pr esent : - Mr . Tr i bhawan Si ngl a, Advocat e, f or t he appel l ant s.

Mr . A. D. S. Sukhi j a, Advocat e, f or t he r espondent .

* * * * S. J. VAZI FDAR, C. J. ( ORAL) Thi s i s an appeal agai nst t he or der of t he l ear ned Company Judge dat ed

19. 02. 2016 wi ndi ng up t he appel l ant - company.

2.

The par t i es st at e t hat t hey ar e negot i at i ng a set t l ement . However , t he company pet i t i on havi ng been f i r st admi t t ed and t he company t her eaf t er havi ng been wound up by t he i mpugned or der , a set t l ement bet ween t he or i gi nal pet i t i oni ng cr edi t or and t he company cannot annul t hese or der s. I t woul d be necessar y f or t he appel l ant t o adopt t he pr oceedi ngs bef or e t he l ear ned Company Judge hi msel f f or t he pur pose of t aki ng t he company out of l i qui dat i on. 3.

The appeal i s accor di ngl y di sposed of . ( S. J. VAZI FDAR) CHI EF JUSTI CE ( DEEPAK SI BAL) JUDGE

27. 09. 2016 Amodh Whet her speaki ng/ r easoned Yes/ No Whet her r epor t abl e Yes/ No Amodh Sharma 2016.09.27 16:21 I attest to the accuracy and authenticity of this document chandigarh