This petition, seeking winding up of the respondent – Company, is filed under Section 433 (e) & (f) read with Section 439 of the Companies Act, 1956 (for short, ‘the Act’), and Rule 95 of the Companies (Court) Rules, 1959.

2. The petitioner is a subsidiary of State Bank of India (S.B.I.), and is a Company incorporated under the Act. On its amalgamation with S.B.I. Factors and Commercial Services Private Limited, a fresh certificate of incorporation was issued by the Registrar of Companies on 18.03.2010 certifying that the name of the petitioner-Company was changed to S.B.I. Global Factors Limited. The respondent is a Company incorporated under the Act on 8.2.1995, with its registered office at Hyderabad. The authorised share capital of the respondent – Company is Rs.90 crores divided into nine crore equity shares of Rs.10/-each. The main objects of the respondent – company is to generate, harness, develop, accumulate, distribute and supply electricity by setting up thermal power plants by use of liquid, gaseous or solid fuels for the purpose of light, heat, power, and for all other purposes for which electrical energy can be employed.

3. The petitioner accorded the respon