IN THE HIGH COURT OF JUDICATURE OF ANDHRA PRADESH AT HYDERABAD Wednesday, October 12, 2011 Present: The Hon’ble Sri Justice B. Seshasayana Reddy Company Petition No. 123 of 2010 Between: M/s. Kotak Mahindra Bank Ltd. ..Petitioner and M/s. Kwality Interiors Pvt.Ltd., And others …Respondents THE HON’BLE SRI JUSTICE B. SESHASAYANA REDDY Company Petition No. 123 of 2010 O r d e r: This company petition has been filed by the petitioner – M/s. Kotak Mahindra Bank Ltd., under sections 433 (e), (f), 434 (1) (a) and 439 of the Companies Act, 1956 read with Rule 95 of the Companies (Court) Rules, 1959, seeking an order of winding up of the first respondent-company. 2. The learned counsel appearing for the respondents submits that the petitioner-company agreed to receive Rs.3,65,000-00 (Rs. Three Lakhs and sixty five thousands only) towards full satisfaction of the amount due to it and in pursuance of the settlement the first respondent paid the said amount of Rs.3,65,000-00 by way of two demand drafts. The learned counsel appearing for the respondents placed on record letter dated:28—09—2011 where under Rs.3,65,000-00 has been paid by way of two demand drafts. 3. In view of the payment by the first respondent under one time settlement, nothing survives in the company petition for adjudication and accordingly the company petition is dismissed as infructuous. No costs. ____________________________ B. SESHASAYANA REDDY, J. October 12, 2011. *BVS