Sanjay Kumar, J.

1. This appeal under Clause 15 of the Letters Patent is directed against the order dated 26.08.2014 passed by the learned Company Judge in Company Petition No.235 of 2012 whereby, the said petition filed for winding up of the Andhra Pradesh Industrial Infrastructure Corporation Limited (for brevity, ‘the APIIC’), was admitted and advertisement thereof was permitted to be carried out in the event the APIIC failed to deposit the sum of Rs.8,18,36,584/- to the credit of the company petition within a time frame. Aggrieved thereby, the APIIC preferred this appeal.

2. By order dated 06.11.2014, the appeal was admitted and interim stay of operation of the order under appeal was granted for a period of six weeks. The said stay was extended until further orders on 18.12.2014. Application No.7 of 2015 was filed by the respondent, the petitioner in C.P.No.235 of 2012, to vacate the interim order dated 06.11.2014. Thereupon, this Court was informed on 22.06.2015 that the APIIC was attempting to make payment of the admitted amount due and the case was accordingly adjourned. Again, on 07.12.2015, the learned Advocate General appearing for the APIIC sought time to secure in