This is a transfer petition from the Hon'ble High Court of Gujarat, originally filed as Company Petition No. 240 of 2004, seeking the winding up of Geeta Prints Limited due to non-payment of invoices.
M/S Falcon Industries filed an application under Section 433 and 434 of the Companies Act 1956, seeking the winding up of Geeta Prints Limited.
The debt is due to non-payment of invoices for a principal amount of Rs.7,62,500/- with additional tax liability and penalty.
A demand notice was issued on 9th September 2004 and received by the respondent on 13th September 2004, but was not replied to.
The Hon'ble High Court of Gujarat transferred the petition to NCLT Ahmedabad.
The respondent claimed pre-existing disputes and questioned the interest component of Rs.4,35,51,929 calculated at 24% compound interest.
The applicant justified the computation of interest and stated that the respondent's non-supply of Form C resulted in a penalty.
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Applicant issued a…
Company Petition No.…
This is a transfer petition from the Hon'ble High Court of Gujarat, originally filed as Company Petition No. 240 of 2004, seeking the winding up of Geeta Prints Limited due to non-payment of invoices.
M/S Falcon Industries filed an application under Section 433 and 434 of the Companies Act 1956, seeking the winding up of Geeta Prints Limited.
The debt is due to non-payment of invoices for a principal amount of Rs.7,62,500/- with additional tax liability and penalty.
A demand notice was issued on 9th September 2004 and received by the respondent on 13th September 2004, but was not replied to.
The Hon'ble High Court of Gujarat transferred the petition to NCLT Ahmedabad.
The respondent claimed pre-existing disputes and questioned the interest component of Rs.4,35,51,929 calculated at 24% compound interest.
The applicant justified the computation of interest and stated that the respondent's non-supply of Form C resulted in a penalty.
…Applicant issued a…
Company Petition No.…