Ar1/s. Micro Plastics Pvt Ltd. v. M/s VMC Systems Limited
Case at a glance
Provisions considered
Key paragraphs
- Para 44. In view of the above submissions, these Compar ,, Petitions are closed. Flowever, the petitioners are at liberty to avail ury altemative remedy available to thenr in accordance with law. SI) - K.SRINIVASA RAO JOINT REGISTRAR .,".',.e //TRUE COPY// To, 1 . The sEcTtoN…
Judgment
Counsel for the Petitioner: Sri S.M. Subhan Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION N o.215 ol 2014 Between: wealthtree Advisors Private Limited, Ground floor, Japa r ara, 261-c, centrar Avenue Road, Chembur (East), Mumbai, 4OOO71, Maharash.r I Represented by its Director Mr. Venkataraman Srinivasan AND ...petitioner vMc systems Limited, 6-3-879/8, Greenrands, Begumpet. r vderabad 500 016, Telangana, Represented by its Ir,4anaging Director. ... Respondent Company Petition under Section 433(e) R/w Sections z: 1(1)(a) and 439 of the Companies Act, 1956. praying that this Hon'ble Court may I) ,pleased to. a) b) c) d) e) that the Respondent Company VMC Systems t- registered office at 6-3-879/8, Greenlands, Begumpet. l.i Andhra Pradesh be wound up by and under the direr; tr, Court under the provisions of the Companies Act, 1gs(j that the Official Lrquidator, High Court, Hyderabad or proper person be appointed the Liquidator of the Re; with all powers under the provlsions of the Companre,s to take charge of the assets, books of account an(l Respondent Company; that pending the hearing and final drsposal of the o., Official Liquidator attached to thrs Hon'bte Court be; Provisional Liquidator of the Respondent Company to I assets, books of account and propertres of the Responc all powers under the provisions of the Companies Act, 1S that pending the hearing and final disposal of the yrir Respondent Company VMC Systems Limited be re:;tr and injunctron of this Hon'ble Court, from dealing wit disposing of or creating third party interest or righti rn a any manner including alienation, sale, mortgage, lease. _- for ad-interim reliefs in terms of prayeis (c) and ( Petitioners' costs of and incidental to the petition; and and other reliefs as the nature and circumstances of thr_. r mited having its tTerabad 500 016, rrs of this Hon'ble ome other fit and ) lndent Company \ct,1956 includ ing properties of the sent Petition, the a ppointed as the rke charge of the rnt Company with i6; sent Petition, the rrn ed by an order or alienating or ry of its assets in (;.; l) above for the ) for such further rse may require. l.A. NO: 2OF ZO14(COMPA. NO: 1213 0F 2014t Petition under Section 450 of the Companies Act 1956 R/w Rule 9 of Company Court Rules, 1959 praying that in the circumstances stated in the affidavrt filed in support of the petition, the High Court may be pleased to pending the hearing and final disposal of the present Petition, the Official Liquidator attached to this Hon'ble Court be appointed as the Provisional Liquidator of Respondent Company VMC Systems Limited to take charge of the assets, books of account and properties of Respondent Company VMC Systems Limited with all powers under the provisions of the Companies Act, '1 956. Counsel for the Petitioner: Sri T. Bala Mohan Reddy Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION No.271 ol 2014 Between: Solitz Corporation, a company incorporated under the laws of Japan, having its regrstered office at 1-'l , Uchisaiwaicho, 2-Chome, Chiyoda-Ku, Tokyo 100-869'l , Japan Represented by its power of attorney holder [\4r. Naoki Kazama ...Petitioner AND M/s VMC Systems Limited, having its registered office at 6-3-879/8, 2nd floor, Green lands, Begumpet, Hyderabad - 500 016, Andhra Pradesh. ...Respondent Company Petition under Section 433.434 and 439 of the Companies Act, '1956, praying that this Hon'ble Court may be pleased to. i) ri) That the Company VMC Systems Ltd. be wound up under the orders and directions of this Hon'ble Court under the provisions of the Companies Act, .1956, That this Hon'ble Court be pleased to appoint Official Liquidator of this Hon'ble Court as Liquidator of the Company, VMC Systems Ltd. with all necessary powers under the provisions of the Companies Act, 1956 to take charge of the assets, properties, business affairs, bank accounts etc. of the Company andl or to conduct rts affairs in the course of the winding up and to distribute its assets in accordance with applicable law and exercise all powers under the provisions of the Companres Act, 1956, and iri) Pending hearing and final disposal of this petition, the Official Liquidator be appointed as Provisional Liquidator over and in respect of all assets and properties of the Company under the Companies Act, with all powers under the Companies Act; and iv) Costs of and/or incidental to this Petition be paid by the Company v) and/or be realized as a claim against the Company; and Such other order and further relrefs as may be deemed just and expedient in the facts and circumstances of the case may be granted. 7 l.A. NO: 3 OF 2014(COMP A. NO: 1547 0F 20141 Petition under Section 45 0 of the Companies (Court) lules, 1959 praying that in the circumstances stated in the affidavit filed in supp,r t of th e petrtion, the High Court may be pleased to appointed Official Liquidator r f this Hon, ble Court as Liquidator of the Compan y VMC System S Ltd with all r )cessary powers of the Companies Act, 1956 and to charge of the assets tr r:perties, business affairs, bank accounts etc of the Company and/or to conc I ct its affarrs rn the course of the winding up and to distribute its assets in a ;:ordance with the applicable law and exercise all powers under the provisions o the companies act, '19s6 l.A. NO: 4 OF 2014(COMpA, NO: 1s48 OF 20141 Petition under Rule O of tnE.omffiresfCourt) Rules 959 praying that in the circumstances stated in the affidavit fired in support of t1 ) petition, the High Court may be pteased The officiat tiquidator o" "ppoiii"o;. , ,,;;l;;;t'r,qJiJrt",. over and in respect all of the assets and prop..ti". of the ( orprny rni"ilf," companies act, with all powers under the Company Act. l.A. NO: s 9F 2014(COMpA. No: 1s49 OF 20141 . Petition under order 39 Rure 1 & 2 R7;Rure g of the )ompanres (court) 1959 praying that in the circumstances li"t"o in * 3 affidavit fired in Rules, support of the petition, the High court may be preased to rant an inlunJion restrainrng the company and.the Directors,'representatives : henchmen of the Respondent Company from either directly o'. inlir"",y alien:r ng, t;;;i;;;g'o, crealing any third party rights over the aisets, properties, ricr ts and interests of whatsoever nature of the Respondent company.' Counsel for the petitioner: Sri Avinash Desai --- Counsel for the Respondent: Sri Vedula Srinivas COMPANY PETITION No.45 of 2015 Between: M/s Economic Law practice, having its office at 10g - A Wirc Daramar rowers, Nanman Point, Mumbai _ 4OO OZ1 Represented by its Associate partner, Mr. Amit Vyas AND ...petitioner M/s.Vlt/C Systems Ltd.., having its registered office at 2.0 , oor, #6_3_g79/8, Green Lands, Begumpet, Hyderabad - 500 016 ...Respondent Company Petition under Section a$@), a34 & 439(1Xb) ,f the Companies Co.prny'16ouiy irr". 1951) prayrng rhat this Act, '1956, R/w Rute SS 1t fr.e Hon'ble Court may be pleased to. to be wound up by -ordered a) Respondent, M/s. VMC Systems Lrmited, be this Hon'ble Court under the provisions of the Companies Act' 1956; b) The Official Liquidator be appointed as the Liquidator of the respondent' M/s. VMC Systems Limited, with necessary powers under the Companies Act, 1956; c) Pending hearing and frnal disposal of the petition, the official liquidator, be ' appointld as th"e provisional liquidator of the assets, properties and income asalsothebusinessoftherespondent,l\4/sVIVICSystemsLlmited; and d) The costs and incidental expenses of this application be paid out of the assets of the respondent to the petitioner' l.A. NO:1 OF 201S{COMPA. NO:396.OF 2015) ffiompanies 450ofCompaniesAct, lg56prayingthatinthecircumstancesStatedinthe affidavit filed in support of the petition, the High court may be pleased "to appoint ihe Official Liquidator as the Provisional Liquidator of the assets, properties and income as also the business of the Respondent (Court) Rules 1959 and Sectron Counsel for the Petitioner: Sri S' Vivek Chandra Sekhar Counsel for the Respondent: Sri Vedula Srinivas COMPANY PETITI ON No.'l 15 of 20'15 Between: - frlrrtny Suravarapu, F-202, Akme Harmony Apartments, Belandur Road' Sarjapur Ring Road, Bangalore 560 103. ...petitioner ANO tvl/s VMC Systems Limited, 6-3-87918 ' 2 Hyderabad - 500 016 nd Floor. Greenlands, BegumPet, ... ResPondent company Petition under Section a33(e) & (fl, a3+(1)(a) & (c) & a39(1)(b) of the Companies Act, 1956, R/w Rule 95 of the Company (Court) Rules' 1959 praying that this Hon'ble Court may be pleased to a) That the Company be wound up by and under the Order' directrons and sl, pervision of this Hon'ble Court under the provisrons of the Companies Act' 1956; b) That the Official Liquidator, High Court at Hyderabad be appointed Liquidator of the Company with all powers under the Companies Act' 1956; inrr pending the hearing and final disposat of this Petition, the official Liquidatoi, Higl-i Court, Andhra Pradesh be appointed as the Provisronal "1 Liquidator of t6e Company and all its assets, properties, affairs and books etc' with all powers under the Companies Act, 1956, d) Th;t pending the hearing and final disposal of this Petition an order of injunction be issJed restrainini the company by itself its Directors, servants and agents from in any manner either directly or indirectly; i"Dealing with oi disposing of, alienating, transferring or parting with possesston of any of tts movable and / or immovable propertles; ii. Operating upon or withdrawing any amounts from the Ba I I Accounts; iii. obtaining and I or receiving any loan from Banks, financ: I instilutions, finance companies and I or from any party; e) For ad-interim relief in terms of prayer clause (c) and (d) : cove; and f) For costs of thrs Petition l.A. NO: 1 OF 2015 (coM PA. NO: 793 0F 2015) Petition under Company Court Rul affidavit filed in supp the Official Liqurdato Hon'ble Court as the its power under Secti Section 450 of Companies Act, 1956 Fi ,t, Rule g and ,106 of es '1959 praying that in the circums t rrces stated in the ort of the petttion, the High Court may : : pleased to appoint r pending disposal of the Company p€t lron attached to this provisional Liquidator of the Responde rt Company with all on 457 of the Companies Act, j 956. l.A. NO: 2 OF 2015(COMP A. NO:794 oF 201s) Petition under order 3g Rule 1 of the CPC R/w Rule of Company Court Rules, 1959 praying that in the ci rcumstances stated in 're affidavtt filed in support of the petition, the High Cou rt may be pleased to (a) The Hon'ble Court may be pleased to pass an crder of rnJunction its Directors, servan t: and agents from in (i) Dealing wrth or disposing of, alienating, transfer rng or parting with possession of any of its movable and lor immovablt: c roperties, and (ii) Operating upon or withdrawin g any amounts from tl (iii) Obtaining and/or receivin any loan from Banks, f rancial institutions, restraining the company by itself any manner either directly or indirecfl v Ba nk Accounts; finance companies and/or om any party g Counsel for the Petitioner: M/s. K. Mamata Choudary Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION N o.'l 35 of 2016 Between: M/s L & T lnfrastructure Financg-lgmpany Ltd, A Comp; ry regrstered under the provisions of cornpanies Act, 'r956, bearing crN.U67190 (2od6plcossszz having its registered office situated at n/lount Foonamallee f .rA VrnrpaXfa,n Chennar600089. and corporate office at 38, 2"d Froor, raxmi towers, ,,G,, B rck, prot No c_25, Bandra Kurra Complex, Bandra (E), Mumbai 400051. Rep by. R ShamaRao,.S/o N Ramakrishna Rao, Age: 35 ye ars, Occ Assistant cgleral l\/anager _ Wholesale Business Group *t 3SSR I rad No aS-lOor" HDFC Bank, Jubitee Hills Hyderabad _ 500 033 ' AND ,..petitioner M/s VMC Systems Limited, (Formerly known as Vupp,; lspp;11_.,, Magnetic Components Limited) A Company registered unOe.. tf," pr;", :;;; ;i C";;,;;;". Act, 1956 bearing crN: u29199Ap1597ptcoiailt having is regisrered office situated at,6-3,879/8, Greenlands, Begumpet, iyOeraOaO, 5C ( -.16 ,l and also at Plant Address: Sy No 1/1 , plot 23lA; lmarathKancha, Hardware Park, Raviryata (V), t\/aheshwaram (lr/), Ranga Reddy District _ 500005 State of Telangana. I-"p. UV its tr/lanaging Director, V Himabindu, H.No.16-.1 .l_19, Sateem Nagar, l\ilalakpet, Hyderabad-500037. ... Respondent Company Petition under Section a33(e) (f), 434 1(a) & a39(1)(b)(C) of the 'iOSO'p[ying Companies Act, 1956, R/w,Rule g5 of the Company (Court) Rules that this Hon'ble Court may be pleased to. (a) Directing that the Respondent company i.e., I\irls VIr4c Systems Limited, be wound up by under the provrsrons of the companies Act, .1956, under the direction, supervision of this Hon, ble Court: (b) Directing that the official Liquidator attached to this Hon, ble court be appointed as Liquidator of the Respondent company i.e., M/s vN/c systems Limited, with all the necessary powers under the compinies Act, 1956; ani Directing that pending hearing and fjnal disposal of the petition, the official .(c) Liquidator, be appointed as the provisional Liquidator of the as*et., properties and income as also the business of the said Company, ld) Directing that pending the hearing and final disposal of the petrtion the Respondent company, its Directors, officers, servants and agents be restrained from in any manner whatsoever either direcfly or inJirecfly atienating encumbering, dealing with, transferring or otherwise disposing oif any of the Assets of the Respondent Company, (e) Directing interim and ad-interim reliefs in terms of prayer (b) to (d) (f) Directing cost of the Petition to be provided for to the petitioner. (g) And Pass such further and other reriefs as the nature and circumstances of the case may require. l.A. NO: 2 OF 2016(cOMPA. NO : 541 OF 2016) Petition under Sect Company (Court) Rules, affidavit filed in support of order directing that pend i Respondent Company i.e servants, agents, officers, of, or a Iienating, transfer creating any third-party rig manner whatsoever. ion 450 of the Companies Act, 1956 R/w Rule g of the .1 959 praying that in the crrcumstances stated in the the petition, the High Court may be pleased to pass an ng hearing and final disposal of the petition, that the IM/s Vtt/lC Systems Limited by itself or by its directors, employees or otherwise be restrained from disposing ring, encumbering or parting with the possession or hts in respect of the assets of the said Company in any l.A. NO: 3 OF 2016 (C OMPA. NO: 5420F 20161 Petition under Section 1 51 CpC the affidavit filed in support of the petiti an order directrng that pending heari Official Liquidator, be appointed as properties and income as also the bus VtulC Systems Limited. praying that in the circumstances stated in on, the High Court may be pleased to pass ng and final disposal of the petition, the the Provisional Liquidator of the assets, iness of the Respondent Company i.e M/s l.A. NO: 4 OF 2016( COMPA. NO: 1657 OF 2016) Petition under Rule 21 Rlw Rule 9 of the Companie:: Court Rules, 1959 praying that in the circumstances stated in the affidavit fr r d in support of the petition, the High Court may be pleased to permit Ankur Satr o i.e-, the deponent herein, the constituted Attorney of the Applicant/Petitioner l( 'epresent in all the proceedings in the above company petition. Counsel for the Petitioner: Sri S.V.S.S.Sivaram Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION No.150 of 2016 Between: M/s AMAX TECHNOLOGIES (P) LTD., BLK 35, 03-0:r Marsiltng lndustrial Estate Road No, 3, Singapore 7 39257 , Rep- by its Authoriz: 1 Signatory Mr. PRAMOD DlXlT, ..-Petitioner AND VMC SYSTEMS LTD., 46-3-879/8, 2nd floor, Greerr Lands, Begumpet, Hyderabad-500016, Rep. by its Managing Director, Ms. VUPPALAPATI HIMA BINDU Also at VMC SYSTEMS LTD., Plot No. 23A, Hardware Park, Il rrvey No. l/ll lvlarat, Kancha, Raviryala Village, Off Shrisailam Highway, lVla leshwaram lVlandal, Ranga Reddy District, Telangana State, lndia Rep. by its Managing Director, Ms. VUPPALAPATI HIMA BINDU ...Respondent Company Petition under Section a33(e) & 434 of the (l rmpanies Act, 1956, R/w Rule 95 of the Company (Court) Rules, 1959 praying t I tr this Hon'ble Court may be pleased to: a) VMC SYSTEMS LTD., a company incorporated undr: Act,1 956 having its Regd Office at 46-3-879/8 , znd f Begumpet, Hyderabad-500016, the respondent company h: accordance with the provisions of the Companies Act, 1956, b) That the Official Liquidator of this Hon'ble Court, or sorre person be appointed as Liquidator of VMC SYSTEMS LTD., ' the provisions of the Companies Act, 1956; c) That pending the admission and hearing and final dispo:; Official Liquidator, attached to this Hon'ble Court or somc: person be appointed Provisional Liquidator VMC SYSTEMS under the provisions of the Companies Act, 1956; d) That pending the admission hearing and final disposzrl Company by its officers, directors, servants and agents be rt and injunction of this Hon'ble Court from in any manner dis r lndian Companies :or, Green Lands, ein be wound up in other fit and proper rrth all powers under I of the Petition, the c,ther fit and proper .TD,, with all powers ,:f the Petition, the stra ined by an order >sing off transferring ,/ or encumbering, alienating or parting with possession of the Assets of the Compan y, e) lt is prayed that this Hon'ble Court may be pleased to dispense with the filing of the original material documents 4-6, A-7 and A-8 accompanying with this petition at this stage in the interest of justice and to pass such other order or orders as this Hon'ble Court shall deem fit and proper in the circumstances of the CASC; f) To receive the documents as listed in the Affidavit and permit the Petitroner to mark them as Exhibits 1 to 1'1 in the interest of Justice and pass such other order or orders as this Hon'ble Court may deem fit and proper in the circumstances of the case. g) For ad-interim reliefs in terms of Prayers (C) and (D) above; h) For costs; and i) for such further and other reliefs as the nature and circumstances of the case may require. l.A. NO:3 OF 2016(COMPA. NO: 612OF 2016 ) Petition under Rule 177 and 9 of the Company (Court) Rules, 1959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased the Official Liquidator of this Hon'ble Court, or some other fit and proper person be appointed as Liqurdator of VMC SYSTEMS LTD. with all powers under the provisions of the Companies Act, 1956, in the interest of Justice. l.A. NO: 4OF 2O16rcOMPA. NO:613 OF 2016 Petition under Rule 177 and 9 of the Company (Court) Rules, 1959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to pending the admissron and hearing and final disposal of the Petition, the Official Liquidator, attached to this Hon'ble Court or some other fit and proper person be appointed Provisional Liquidator VMC SYSTEMS LTD., with all powers under the provisions of the Companies Act, '1956, in the interest of Justice. l.A. NO: 5 OF 2016(COMPA. NO: 514 OF 2016 Petition under Rule 177 and 9 of the Company (Court) Rules, 1959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to pending the admrssion hearing and final disposal of the Petition; the Company by its officers, drrectors, servants and agents be restrained by an order and injunction of this Hon'ble Court from in any manner disposing off, transferring or encumbering, alienating or parting with possession of the Assets of the Company. Counsel for the Petitioner: Mr. C.S.N. Raju Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION No.157 of 2016 Between: M/s L & T FINCORP LIMITED, A Company registered under the provisions of Companies Act, 1956, bearing CIN:U6591OMH1997PLC108179 having its registered office situated at, L & T House, N [t/l lVlarg, Ballard Estate, lVumbai- 400001 and corporate office at 34, Froor, j't Froor, Laxmi rowers G Brock prot No. c 25, Bandra Kurla Complex, Bandra (E), tr/umbai 400 051 _ I rdia Rep by l\ils Vinda Wagh, Head_lndustrial Finance Groult I & T Fincorp. L & T Infrastructure Finance Co. Ltd, 3'd Floor, Brindavan, plot Jc. i 77, CST RoaO, Kalina Santacruz East, IVumbai 400 09g AND M/s VMC Systems Limited, (Formerly known as Vu I Components Limited) A Company registered under the prc,r Act, 1956 bearing CtN. U29199Ap1997pLC026477 havinc situated at, 6-3-879/8, Greenlands, Begumpet, Hyderabad, I and also at: Plant Address: Sy.No.1/1 , Plot 23tA lmarathKancha, Hardware p.. Maheshwaram (N/), Ranga Reddy District _ 500005. State of Telangana. Rep: by its Managing Director, V. Himabindu, H.No 16-1'1-19, Sateem Nagar, [\4alakpet, Hyderabad_50001]. ...petitioner ralamritha [\4agnetic s;ions of Companies ts registered office 10016 -k, Raviryala (V) ... Respondent ll9 (1)(b)(C) of the lules, 1959 praying Company Petition under Section a33(e)(f), 34 1(a) & Companies Act, 1956, R/w Rule 95 of the Company (Court; that this Hon'ble Court may be pleased to: (A) Directing that the respondent company i.e., M/s VMC S ystems Limited, be wound up by under the provisions of the Companies A,; t SSO, undei the direction, supervision of this Hon, ble Court; (B) Directing that the officiar Liquidator attached to thi:; Hon, bre court be appointed as Liquidator of the respondent company i-e., //s Vtrrrc sy"t"r. Limited, with all the necessary powers under the Companies ,\ ;1., 1g56; ani .(c) Directing that pending hearing and final disposal of the etition, the official Liquidator, be appointed as the provisional Liquidator of the ,assets, properttes and income as also the business of the said Company (D) Directing that pending the hearing and final disposal r; the petition the respondent company, its directors, officers, servants and ac 3nts be restrained from in any manner whatsoever either direcfly or in, irecfly arienating, encumbering, dearrng with, transferring or otherwise dispos ng oit oi t" Assets of the respondent company. (E) Directing interim and ad-interim reliefs in terms of prayer rt ) to (d) (F) Directing cost of the Petition to be provided for to the petit < ner. "ny l.A. NO: 1 OF 2O16(C OMPA. NO: 6 72 0F 20161 Petition under Sect Company (Court) RLrtes, affidavit filed in support of order d irecting that pendi Respondent Company i.e servants, agents, officers, of, or alienating, transfer creating any third-party rig manner whatsoever. ion 450 of the Companies Act, 1953 tt/w Rule 9 of the 1959 praying that in the circumst,l r()es stated in the the. petition, the High Court may be ,leased to pass an ng hearing and final disposal of th, petition, inrt tn" lM/s VMC Systems Limited by itset. :i by its directors, employees or otherwise be restra r:d from disposing ring, encumbering or parting with 1e po.rurrion or hts in respect of the assets of the s,: J Company rn any l.A. NO: 2 OF 2016(COMPA. NO: 673 OF 2016) Petition under Section 450 of the Companies Act, 1956 R/w Rule 9 of the Company (Court) Rules, 1959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to pass an order directing that pending hearing and final disposal of the petitron, the Official Liquidator, be appointed as the Provisional Liquidator of the assets, properties and income as also the business of the Respondent Company i.e IV/s VIVC Systems Limited. l.A. NO: 3 OF 2016 COMPA. NO: 1656 OF 2016 Petition under Rule 21 R/w Rule 9 of the Companies Court Rules, 1 959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to permit Anirudh Asopa i.e., the deponent herein, the constituted Attorney of the Applicant/Petitioner to represent in all the proceedings in the above company petition. Counsel for the Petitioner: Sri S.V.S.S.Sivaram Counsel for the Respondent: Mr. N. Vinesh Raj The Court made the following: COMMON ORDER IN THE HIGH COURT FOR THE STATE OF T]E I,ANGANA AT HYDERABAD THE HON'BLE SMT. JUSTICE T. MADHA\ I DEVI COil{PANY PETITION Nos.4 l 215 271 o1_ !014; 45 & 115 of2015; 135.150 & 157 of201 i DATB: 04.02.2026 C.P.No.4l of2Ol4 Befwcen: M/s. Micro Plastics Pvt. [-td. AND M/s. VMC Systerns Ltd C.P.No.215 of 2014 Between: Wealthtree Advisors I']rivate Limited ',/MC Systems I -imited. C.P.No.27l of 2014 Between: Soj itz Corporatior.r M/s. VMC Systen'rs [.imited. C.P.No.45 of 2015 Between: M/s. Econornic Law Practice M/s. VMC Systems Ltd AND AND AND ...Petitioner Respondent ...Petitioner Respondent ...Petitioner ...Respondent ...Petitioner . . Respondent C.P.No. I l5 of 2015 Between: Muftlry Suravarapu 2 AND I MIJJ C.P.Nos.4 l. 2 15. 27 lol-201,1: 45. 115 of20l-!: li5. 150 & 157 oi20l5 ..Petitioner M/s. VMC Systems Limited. ...Respondent C.P.No. 135 of 2016 Between: M/s. L&T Infrastructure Finance Company Ltd. ...Petitioner AND Mis. VMC Systems Limited. . . Respondent C.P.No.l50 of 2016 Betrveen: M/s.Amax Technologies (P) Ltd. ..Petitioner AND . . Respor-rdent VMC Systerns Ltd. C.P.No. 157 of 2016 Behveen: M/s.L& T Fincorp Limited. ...Petitioner AND M/s. VMCI Systems Limited. . . Respondent COMITTON ORDBR These Company Petitions are filed seeking winding up of the respondent-company and settlement of the dues of the petitioners. TMDJ C P.Nos J .2t5.27loll0l4: 45. ll5 ot 2015; li; 150 & l5'1 of20l6 3
#2. Leamed counsel for the respondent subm I e:d that the respondent-company has already been dissolved by an der passed by 'r the National Cornpany t.aw Tribunal (NCLT) dated ](t )2.2024 in IA (IBC) 52812022 &:- Cont.A(lBC) 312023 in CP(IB) No.677l7lL{DBl20l8. In vierv of the same, the pr: cnt company petitions have become infructuous.
#3. A copy of the order dated 20.02.2024 in tA (lB( ) s2812022 & Cont.A(IBC) 312023 in CP(IB) No.677l7/HDB/2018 ras also been placed betbre this Courl.
#4. In view of the above submissions, these Compar ,, Petitions are closed. Flowever, the petitioners are at liberty to avail ury altemative remedy available to thenr in accordance with law. SI) - K.SRINIVASA RAO JOINT REGISTRAR .,".',.e //TRUE COPY// To, 1 . The sEcTtoN oFF|CER Company Law Tribunal, Hyderabad Bench llyderabad. Office at 1'' floor corporate. Bhawan, Nagole, eanJLguoa T raitiannaram -virfugu Hayathnagar Ailandar, Ranga Reddy District relangar z State pi" coo" Loo 680 -National
#2. One CC to Sri S.V S S.Sivaram, Advocate [OPUC] 3. One CC to Mr. N. Vinesh Ra1, Advocate fOpUCf 4. One CC ro Mr. C S.N Raju. Advocate fOpUCi- 5. One CC to tvl/s. K rvlamaia ChouOary, nOro.jt" tOpUCl 6. One CC to Sri Vedula Srinivas, na*'.rt" iOplti 7. one CC to Sri Avrnash Desai, AdvocateidEuil B. One CC to Sri S Vrvek Chandra Sutnrr,'nOro".ate [Optj )] 9. One CC to Sri S.tril. Subhan, nuro."i" iOpU'CJ' 10. One CC to Sri T Bata Mohan neaoy. nivocaiJ 1oCUCl 11.Two CD Copies Kam/PSL P!'.,S. HIGH COURT DATED:0410212026 I 'Ft \) o.J '\ vA r' 't I PAr'l g, * COMMON ORDER CP.Nos.41, 215, 271 of 2014; 45 & 115 r: f 2015; 135,150 & 157 of 2016 THESE COMPANY PETITIONS ARE CLOSED P^(\, r-\ z\><
Questions this judgment answers
Which statutory provisions did this judgment involve?
Companies Act, 2013 — s. 450; Companres Act, 1956; Code of Civil Procedure, 1908 — r. 1.
Which court decided this case, and when?
Telangana High Court, on 04 Feb 2026. The bench was T MADHAVI DEVI.
Precedent status how later indexed judgments have treated this case
No known negative treatment found in the Courts & Cases corpus.
This is a result about the indexed corpus, not a finding that the judgment remains good law. Coverage may be incomplete.