BHASHA CONST. & IND. PROJ. PVT. LTD. vs SHINING VYAPAR PVT. LTD.

The Supreme Court disposed of the appeal concerning winding up proceedings initiated by Shining Vyapar Pvt. Ltd. against Bhasha Construction & Industrial Projects Pvt. Ltd. The Court noted that the parties had amicably resolved their dispute, allowing the respondent to withdraw Rs.10 lacs from the Rs.13 lacs deposited with the Calcutta High Court, while directing the remaining Rs.3 lacs to be returned to the appellant. The Court quashed the previous orders related to the winding up petition and expedited the hearing of the related civil suit.