ANIL K. NARENDRAN, J.

1. This appeal arises out of the judgment of the learned Company Judge of this Court dated 03/07/2014 in CP No. 32 of 2012, a petition filed by the Kerala State Industrial Development Corporation Ltd., the 1st respondent herein, under Section 433 of the Companies Act, 1956 (hereinafter referred to as 'the Act') seeking an order to wind-up M/s. Fresh Coconut Products Ltd., the 1st appellant herein, under the provisions of the Act. By the said judgment, the learned Company Judge allowed the petition and the 1st appellant company was ordered to be wound-up and the Official Liquidator attached to this Court, the 2nd respondent herein, was appointed as the Liquidator to wind-up the company, who was directed to takeover its assets and records forthwith. The 1st respondent corporation was directed to pay an amount of Rs. 20,000/- to the Official Liquidator towards initial expenses and was further directed to publish the order of winding-up and comply with other statutory requirements. Aggrieved by the aforesaid judgment of the learned Company Judge, the appellants, namely, the company ordered to be wound-up and its Ex-Managing Director are before this Court