THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.793 of 2011 In Company Petition No.128 of 2005 18th August, 2011 Between :- Bondili Ramakrishna Singh .. Applicant And Vijetha Depositors Samskhema Sangam Rep.by its President – Y.Narayana Rao, Anakapalli and another .. Respondents THE HON'BLE SRI JUSTICE B.SESHASAYANA REDDY Company Application No.793 of 2011 In Company Petition No.128 of 2005 ORDER:- This application has been filed by Bondili Ramakrishna Singh seeking stay of all further proceedings in C.P.No.128 of 2005. It is pertinent to note that the same applicant earlier filed three applications. Those three applications came to be dismissed in S.R.Stage, by an order dated 21-7-2009. The relevant portion of the order needs to be noted and it reads thus:- “It is well to remember that for the indebtedness in a huge some of money to several depositors and for its financial incapacity to liquidate all such debts, the Company was ordered to be wound up. Significant consequences would follow from such an order. Therefore, the ends of justice require the interests of the debtors of the Company to be protected rather than the interests of someone, who has indulged in acts of misappropriation. To my mind the present Applications are speculatively taken out to delay the process of winding up so that the creditors of the Company can be further delayed from realizing their dues by attachment and sale of various assets of the Company. Therefore, I do not find any justification either for condonation of delay or for ordering impleadment of Sri Bondili Ramakrishna Singh, S/o.Vittal Singh, as a party respondent or for setting aside the order made by this Court on 4-12-2006 in C.P.No.128 of 2005, winding up the Company. For the foregoing reasons, all the three Applications are dismissed. No costs.” A specific finding has been recorded in the earlier applications that the petitioner moved the applications to delay the process of winding up. The petitioner has not chosen to challenge the observations made by this Court in the earlier round of litigation. The present application has been filed after nearly two years after the disposal of the earlier applications. Therefore, it cannot be said that there are bona fides in the present application. Accordingly, the Company Application is dismissed. No costs. _________________________ B.Seshasayana Reddy, J 18th August, 2011 smr