The case involves a Company Appeal filed by M/s. Akums Drugs and Pharmaceuticals Limited, the Operational Creditor, against M/s. MBS Industries Limited (Company/2nd Respondent) under Section 252 of the Companies Act, 2013. The applicant sought to set aside the proceedings by the Registrar of Companies (ROC/1st Respondent) to strike off the name of the 2nd Respondent, due to non-compliance with statutory requirements, and to restore the company's name to the register to recover outstanding dues of Rs. 8,36,484/-.
M/s. Akums Drugs and Pharmaceuticals Limited (Applicant) is an operational creditor to M/s. MBS Remedies Limited (Corporate Debtor). M/s. MBS Remedies Limited was incorporated on 19.09.2013. The authorized share capital of the company is Rs. 25,00,000. On 25.10.2013, the Applicant and the Company entered into an agreement for manufacturing of certain pharmaceutical products. The applicant manufactured the goods as per specifications/description of R2 and requested to lift the goods immediately and pay the outstanding payment amounting to Rs.7,36,484/-, vide email dated 07.08.2014. The Applicant sent a Legal Notice on 03.12.2024 stating to lift the goods within 15 days and make payment of Rs.8,36,484/-. On 06.03.2019, the Registrar of Companies (ROC) issued a notice
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M/s. MBS Remedies…
M/s. Akums Drugs and Pharmaceuticals Limited…
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The case involves a Company Appeal filed by M/s. Akums Drugs and Pharmaceuticals Limited, the Operational Creditor, against M/s. MBS Industries Limited (Company/2nd Respondent) under Section 252 of the Companies Act, 2013. The applicant sought to set aside the proceedings by the Registrar of Companies (ROC/1st Respondent) to strike off the name of the 2nd Respondent, due to non-compliance with statutory requirements, and to restore the company's name to the register to recover outstanding dues of Rs. 8,36,484/-.
M/s. Akums Drugs and Pharmaceuticals Limited (Applicant) is an operational creditor to M/s. MBS Remedies Limited (Corporate Debtor). M/s. MBS Remedies Limited was incorporated on 19.09.2013. The authorized share capital of the company is Rs. 25,00,000. On 25.10.2013, the Applicant and the Company entered into an agreement for manufacturing of certain pharmaceutical products. The applicant manufactured the goods as per specifications/description of R2 and requested to lift the goods immediately and pay the outstanding payment amounting to Rs.7,36,484/-, vide email dated 07.08.2014. The Applicant sent a Legal Notice on 03.12.2024 stating to lift the goods within 15 days and make payment of Rs.8,36,484/-. On 06.03.2019, the Registrar of Companies (ROC) issued a notice
…M/s. MBS Remedies…
M/s. Akums Drugs and Pharmaceuticals Limited…
Sign in to view related legal provisions.