This Company Petition is filed under Sections 433 and 434 of the Companies Act, 1956 (for short "the Act") for winding up the respondent for non-payment of the alleged debt.

The respondent was incorporated under the Act on 26-5-1995. Its registered office is situated at Suryachakra House, Jubilee Hills, Hyderabad, within the territorial jurisdiction of this Court. The authorised share capital of the respondent is stated to be Rs.17,50,00,000/- and the paid up share capital is Rs.12,02,05,000/-. The objects of the respondent, as per its Memorandum of Association and to the knowledge of the petitioner, are as under:

“To generate, harness, develop, accumulate, distribute and supply electricity by setting up Biomass combustion based power plants by use of rice husk, paddy straw or woody biomass, agricultural waste and thermal power plants by use of liquid, gaseous or solid fuels for the purpose of light, heat, motive power and for all other purposes for which electric energy can be employed. To carry on and generate power supply either by hydro, thermal, gas, air, diesel oil or through renewal energy such as solar, photo voltaic, wind mill or by non-conventional means and or