C.P. No.304 of 1999 -1- IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH C.P. No.304 of 1999 Date of decision: 19.02.2009 M/s Interads Advertising (P) Ltd. .............. Petitioner Vs. M/s Premier Complexes Limited ............Respondent Present: Mr. J.P. Sharma, Advocate for the petitioner. CORAM: HON'BLE MR. JUSTICE K. KANNAN 1. Whether Reporters of local papers may be allowed to see the judgment ? 2. To be referred to the Reporters or not ? 3. Whether the judgment should be reported in the Digest ? -.- K.KANNAN, J.(ORAL) 1. Learned counsel appearing for the petitioner has filed affidavit of publication along with the publications effected in “The Tribune (English)”, “Punjab Kesari (Hindi)” and the Official Gazette of Punjab Government. The publications are taken on record. There is no objection to the petition by either the company or by any other party. The company had earlier entered appearance through counsel but later on the counsel withdrew his appearance. This Court admitted the petition and it was under such circumstances the publication had been ordered. 2. The petition for winding up is sought for on the ground of inability of the company to pay the amount of Rs.1,84,251.60 due to the petitioner company for the services rendered by the petitioner company to the respondent company. Statutory notice which had been issued on 30.07.1999, photocopy of postal receipts, U.P.C. receipts C.P. No.304 of 1999 -2- and the acknowledgment are exhibited as Annexures P-8 to P-11 respectively with the petition. 3. On a consideration of all the relevant facts, I am of the view that winding up of affairs of the company sought for on the ground that it is unable to pay the debts, affairs of the company are required to be wound up under the provisions of the Companies Act. 4. Petition is ordered as prayed for and the assets of the company shall vest with the Official Liquidator attached to this Court. The notice of the order of winding up shall be filed with the Registrar of Companies and also communicated to the Official Liquidator attached to this Court. The advertisement of factum of winding up shall also be made in Form No.53 within 14 days from the making of order in “The Tribune (Chandigarh Edition)”, “Punjab Kesari” and in Official Gazette of Punjab Government. (K. KANNAN) JUDGE February 19, 2009 Pankaj*