Advocates:
['B K SHARMA', 'S K LOHRI', 'V K KHUBCHANDA', '', 'N R CHOUDHARY']

Co. Appl.-54/04

//1//

In the High Court of Judicature for Rajasthan

Jaipur Bench

**

Company Application No.54/2004

In Company Petition No.36/2000

Official Liquidator - M/s Rathi Alloys & Steel Ltd.

Versus Rajasthan State Industrial Development

& Investment Corporation Limited

Date of Order : 14/05/2010

Hon'ble Mr. Justice Ajay Rastogi

Mr. BK Sharma, for applicant-OL

Mr. NR Choudhary, for respondent-RIICO.

Instant company application has been

filed U/s 446 (2)(a), (b) & (d) of Companies

Act, 1956 (“Co. Act”) read with R.9 of

Companies (Court) Rules, 1959 ("Co. Court

Rules") assailing three orders dt.26/04/1995

(Ann.A/5, A/6, & A/7) whereby respondent-RIICO

cancelled the allotments of plots NO.A-463, A-

464, A-465 as well as agricultural land

admeasuring 62 bighas & 11 biswas situated at

Matsya Industrial Area, Alwar, made to M/s

Rathi Alloys & Steel Ltd under lease

agreements dt.03/07/91 (Ann.A/1) & dt.

22/04/88 (Ann.A/2) & dt.07/07/1992 (Ann.A/3)

because the lessee-Company failed to comp