HON’BLE SRI JUSTICE K. LAKSHMAN COMPANY APPLICATION Nos. 1348 OF 2005, 259, 561, 735 &

736 OF 2007 AND 969 OF 2014 IN COMPANY PETITION No.236 OF 1998

COMMON ORDER

Heard Mr. M. Anil Kumar, learned counsel for the Official Liquidator in COMPA No.561 of 2007 and respondent in COMPA No.969 of 2014, Mr. T. Surya Satish, learned counsel for the applicant in COMPA No.735 of 2007 and respondent Nos.2 and 3 in COMPA No.561 of 2007, Mr. V.S. Raju, learned counsel for the applicant in COMPA No.259 of 2007 and respondent in COMPA No.1348 of 2005 and Mr. Satish, learned counsel representing Mrs. Nandini S. Bilolikar, learned counsel for the applicant in COMPA No.969 of

2014 and respondent in COMPA No.561 of 2007.

2. Originally, all the above said Company Applications arise out of Company Petition No.236 of 1998 filed under Sections - 433 (e), 434 (1) (a) and 439 (1) (b) of the Companies Act, 1956 (for short ‘Act, 1956’), seeking winding up of M/s. Shree Jagannath Steels Limited (hereinafter referred to as “the Company”).

3. It is the case of the petitioner-Company that, under a lease agreement dated 19-04-1995, it supplied various items of equipment to the respondent-Company involving a net finance