THE HON’BLE SRI JUSTICE V.V.S.RAO COMPANY PETITION No.37 of 2009 Dated:08.10.2009 Between: M.Vedavathi. ….Petitioner And M/s.Leafin India Limited. …Respondent THE HON’BLE SRI JUSTICE V.V.S.RAO COMPANY PETITION No.37 of 2009 ORDER: The petitioner deposited a sum of Rs.90,000/- on 04.09.1998 and Rs.1,00,000/- on 07.09.1998 with the respondent in fixed deposit with interest at 15% per annum. The fixed deposit is redeemable on 04.09.1999 and 07.09.1999. After maturity the amount was not paid, though interest accrued was paid periodically. The petitioner approached for refund of the deposit, in vain. Therefore, she got issued a notice under Section 434 of the Companies Act, 1956, which was served. Even thereafter, the respondent did not repay the deposit. Therefore, the company petition is filed seeking winding up. It has been brought to the notice of this Court that as directed by this Court in W.P.No.7366 of 2000, dated 18.09.2000 (Leafin Depositors Association v. Secretary, Department of Company Affairs, Government of India), the Government of India moved Company Law Board. As directed by the Company Law Board, the five member Board of Directors were appointed on 10.01.2002 and payments with little variation was extended for time to time. It is also brought to the notice of this Court that the Board of Directors passed a resolution to repay the deposits to various persons in installments. After the petitioner moved this Court, a sum of Rs.10,450/- was paid to the petitioner by way of Demand Draft bearing No.439227, dated 20.08.2009, drawn on Andhra Bank, West Maredpally Branch. In view of this, learned Counsel for the petitioner made an oral representation to withdraw the company petition. He also submits that the petitioner is a lone lady suffering from serious arthritis and immobile. Keeping this in view, this Court is of considered opinion that the respondent should consider paying another amount of Rs.10,000/- (Rupees ten thousand only) on compassionate grounds. Subject to the above, the Company Petition is dismissed as withdrawn. _______________ (V.V.S.RAO, J) 08.10.2009 vs