JUDGMENT

C.V. Bhadang, J. - This is a petition for winding up of Goan Wonderland Real Estate Pvt. Ltd (Company, for short) under Section 433, 434 and 439 of the Companies Act, 1956. The present petition was admitted on 07/03/2014.

2. As per the decision of this Court in the case of West Hills Realty Private Ltd Vs. Neelkamal Realtors Tower Pvt. Ltd. , (2017) 2 BCR 693, the petition is retained on the file of this Court as it is not liable to be transferred to the National Company Law Tribunal (NCLT, for short).

3. The Company was incorporated on 09/10/2006 under the Companies Act, 1956 (the Act of 1956, for short) as a Private Company limited, by shares with the Registrar of Companies. The registered office of the Company is situated at Miramar, Panaji, Goa.

4. The Company has authorised share capital of 10 Lakhs divided into 1 Lakh equity shares of Rs. 10/- each. However, the paid up capital of the Company is Rs. 1 Lakh only.

5. The Company was established inter alia with the object of carrying on the business of property and real estate developers and to act as contractors and to carry on business as real estate consultants, agents and investors.

6. The Company has only two shareh