SB Company Petition No.5/2000 M/s. Prefect Thread Mills Ltd Vs. State & Ors. 1 S.B. Company Petition No.5/2000 M/s. Prefect Thread Mills Ltd. Vs. State & Ors. DATE OF ORDER : - 14.10.2008 HON'BLE MR. PRAKASH TATIA, J. Mr. Manish Singhvi, ] Mr. Manoj Bhandari ], for the petitioner. Mr. Vikas Balia ] Mr. PK Bhansali ] Mr. Dinesh Mehta ], for the respondents. Mr. Jagdish Vyas ] <><><> In view of the detailed order passed in SB Company Application No.3/2006 submitted in S.B. Company Application No. 2/2004 in the matter of Company Case No.5/2000 dated 14th Oct., 2008, the company petition no.5/2000 stands disposed of as there will be no need to wind up the company because of the sanction approval and modification of the scheme/arrangement by the order dated 14th Oct., 2008. However, it is made clear that the company petition no.5/2000 shall revive automatically on moving any application by any of the secured creditor referred in the SB Company Petition No.5/2000 M/s. Prefect Thread Mills Ltd Vs. State & Ors. 2 order dated 14th Oct., 2008 upon failure of the defaulter company in complying with the order dated 14th Oct., 2008 and further proceedings will be taken in accordance with law. It is also made clear that in case any further order will be needed by the defaulter company then they may move appropriate application after 31st Oct., 2008 upon which appropriate order will be passed. (PRAKASH TATIA), J. c.p.goyal/-