Bhasha Const. & Ind. Proj. Pvt. Ltd vs Shining Vyapar Pvt. Ltd

The Supreme Court disposed of the appeal concerning the winding up petition filed by Shining Vyapar Pvt. Ltd. against Bhasha Construction & Industrial Projects Pvt. Ltd., where the appellant had failed to pay dues amounting to Rs.13 lacs despite receiving a statutory notice. The Court directed that Rs.10 lacs be withdrawn by the respondent from the amount deposited with the Calcutta High Court, while Rs.3 lacs be returned to the appellant. The winding up proceedings were quashed, and the hearing of the related civil suit was to be expedited, with no costs awarded.