High CourtsSingle Bench(2008) 11 DEL CK 0011

Alpha Drug India Ltd. vs Perfect Drugs Ltd.

Delhi High Court · Decided on 3 November 2008 · Citation: (2009) 90 SCL 54

HON’BLE JUDGES
Gita Mittal, J
RESULT
Dismissed
CASE NUMBER
Company Petition No. 87 of 1996

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Judgment

4 paragraphs · 238 words

Gita Mittal, J.—This petition was filed by the petitioner under Sections 433-439 of the Companies Act, 1956 praying for winding up of M/s. Perfect Drugs Ltd. After issuance of notice to show cause on 17-4-1996, the respondent had entered appearance and stated on 10-11 -1998 that the matter was pending consideration in a reference made before BIFR. Subsequently on 6-11-1999 it was stated that the company stood declared sick by the BIFR. Consequently, by an order passed on 20-8-1999, the matter was adjourned sine die.

2.

It is stated by Mr. Rajeev Bahl, learned standing counsel for the Official Liquidator that another petition under Sections 433-439 of the Companies Act, 1956 was filed in this Court which was registered as Com. Pet. No. 509/ 1998. The pendency of the present case was not brought to the notice of the court. However by an order dated 21-3-2008, this Court had directed that the respondent company be wound up.

3.

Certainly two proceedings for the winding up of the same company would not be maintainable. In case the petitioner has any claim in law, it would be required to take appropriate proceedings in the liquidation which is pending before the Official Liquidator in terms of the order dated 21-3-200S passed in Comp. Pet. No. 509/1998.

4.

This petition is therefore dismissed with liberty to the petitioner to take 4 appropriate steps for lodging its claim in the pending liquidation proceedings.