Vikeet Kothari, J.

Heard learned counsel for the petitioner Mr. S.S. Nagao and, senior advocate. Mr. S.V. Rajesh, earlier appearing for the respondent-company, Kingfisher Airlines Lid. (KFA Ltd.), has filed a memo withdrawing his Vakalath from the said case and he submits that lie has no further instruction to appear ant argue on behalf of the respondent-company.

2. The said respondent-company is a company against which several winding up petitions have been filed in this court and several of the creditors are before this court seeking the winding up of the said company for failure to pay its admitted debts. Similarly, several winding up petitions have also been filed against its holding company, M/s. United Breweries (Holdings) Ltd., (UBHL), which had also given guarantee to discharge the debts of the respondent-KFA Ltd., and on account of alleged failure to honour and discharge its guarantee obligations, such winding up petitions were filed against UBHL by the consortium of banks and financial institutions led by SBI. But while UBHL is hotly contesting those winding up petitions filed against it, it has not put forth any defence against the present winding up petition or