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M/s. Economic Law Practice, v. M/s.VMC Systems Ltd.,

Court: High Court for State of Telangana

Bench: T.MADHAVI DEVI

Judgment date:

Case summary

High Court for State of Telangana judgment dated 2026-02-04. M/s. Economic Law Practice, v. M/s.VMC Systems Ltd.,. Read the judgment and case details on...

Judgment text

[ 3219 ] IN THE HIGH COURT FOR THE STATE OF TELANGANA AT HYDERABAD WEDNESDAY, THE FOURTH DAY OF FEBRUARY TWO THOUSAND AND TWENTY SIX PRESENT THE HON'BLE SMT. JUSTICE T. MADHAVI DEVI COMPANY PETITION Nos: 41 215 271 of 2O14 45&115of2015 135 150 & 157 ol 2016 ln the matter of Companies Act, 1956 AND ln Matter of M/s VMC Systems Limited COMPANY PETITION No. 41 of 2014 Between: Ar1/s. Micro Plastics Pvt Ltd. , 170/'1 , Sy. No. 330/3, Subharam lndustrial Estate, Ivlarsur lr/larg, Kasaba Hobli, Anekal Taluk, Bangalore - 562106, Rep. by its ltrlanaging Director, Vilendra Babu. N. ... Petitioner AND M/s Vlr/C Systems Ltd, # 6 3-879/8, 2nd Floor, Pulla Reddy Building, Greenlands, Begumpet, Hyderabad, Rep. by its lVlanaging Dtrector, lvlrs. Himabindu. ...

Respondent Company Petrtion Under Section a33@), 34,439 of the Companies Act, 1956, R/w Rule 95 of the Companies (Court) Rules, 1959 praying that this Hon'ble Court may be pleased to i) l,I/s VIV1C Systems Ltd, the respondent Company be wound up in accordance with the provisions of the Act, ii) The offrcial Liqurdator attached to this Hon'ble Court be appointed as a Liquidator of the respondent Company with all powers under the Act; iri) Pending the hearing and final drsposal of this petition, the official Liquidator attached to this Hon'ble Court be appornted as a Liquidator of the respondent Company with all powers under the Act, and The debt of the respondent Company of Rs 62,56,2331 (Rupees Sixty iv) Two Laks Fifty Six thousand two hundred and thirty three only) due to the Petitioner Company and interest there on, be recovered pursuant to the winding up proceed ings l. A. NO: 5 OF 201 4(CO MPA.

NO: 1371 oF 20141 Petition under Rule g of Company Court Rules c circumstances stated in the affidavit filed in support of lt,r court may be pleased to suspend the orders dated 04-08. 2( 2014 consequently permit the petilioner to contest the case (,r Counsel for the Petitioner: Sri S. M. Subhan Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION N o. 215 ol 2014 Between: wealthtree Advisors Private Limited, Ground floor, Japa r Avenue Road, Chembur (East), Mumbai, 4OOO71, Maharash. r I Represented by its Director Mr. Venkataraman Srinivasan AND vMc systems Limited, 6-3-879/8, Greenrands, Begumpet. r Telangana, Represented by its Ir,4anaging Director. Company Petition under Section 433(e) R/w Sections z: 1(1)(a) and the Companies Act, 1956. praying that this Hon'ble Court may I) ,pleased a) that the Respondent Company VMC Systems t- mited registered office at 6-3-879/8, Greenlands, Begumpet. l.

i tTerabad Andhra Pradesh be wound up by and under the direr;tr, Court under the provisions of the Companies Act, 1gs(j b) that the Official Lrquidator, High Court, Hyderabad or proper person be appointed the Liquidator of the Re; ) with all powers under the provlsions of the Companre,s \ct,1956 to take charge of the assets, books of account an(l Respondent Company; c) that pending the hearing and final drsposal of the o. , Official Liquidator attached to thrs Hon'bte Court be; a Provisional Liquidator of the Respondent Company to I rke assets, books of account and propertres of the Responc rnt all powers under the provisions of the Companies Act, 1S i6; d) that pending the hearing and final disposal of the yrir Respondent Company VMC Systems Limited be re:;tr rrn and injunctron of this Hon'ble Court, from dealing wit disposing of or creating third party interest or righti rn a any manner including alienation, sale, mortgage, lease.

_-e) for ad-interim reliefs in terms of prayeis (c) and ( l) Petitioners' costs of and incidental to the petition; and and other reliefs as the nature and circumstances of thr_. r rse l. A. NO: 2OF ZO14(COMPA. NO: 1213 0F 2014t Petition under Section 450 of the Companies Act 1956 R/w Rule 9 of Company Court Rules, 1959 praying that in the circumstances stated in the affidavrt filed in support of the petition, the High Court may be pleased to pending the hearing and final disposal of the present Petition, the Official Liquidator attached to this Hon'ble Court be appointed as the Provisional Liquidator of Respondent Company VMC Systems Limited to take charge of the assets, books of account and properties of Respondent Company VMC Systems Limited with all powers under the provisions of the Companies Act, '1 956. Counsel for the Petitioner: Sri T. Bala Mohan Reddy Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION No.

271 ol 2014 Between: Solitz Corporation, a company incorporated under the laws of Japan, having its regrstered office at 1-'l , Uchisaiwaicho, 2-Chome, Chiyoda-Ku, Tokyo 100-869'l , Japan Represented by its power of attorney holder [\4r. Naoki Kazama ... Petitioner AND M/s VMC Systems Limited, having its registered office at 6-3-879/8, 2nd floor, Green lands, Begumpet, Hyderabad - 500 016, Andhra Pradesh. ... Respondent Company Petition under Section 433. 434 and 439 of the Companies Act, '1956, praying that this Hon'ble Court may be pleased to. i) That the Company VMC Systems Ltd. be wound up under the orders and directions of this Hon'ble Court under the provisions of the . 1956, Companies Act, and ri) That this Hon'ble Court be pleased to appoint Official Liquidator of this Hon'ble Court as Liquidator of the Company, VMC Systems Ltd.

with all necessary powers under the provisions of the Companies Act, 1956 to take charge of the assets, properties, business affairs, bank accounts etc. of the Company andl or to conduct rts affairs in the course of the winding up and to distribute its assets in accordance with applicable law and exercise all powers under the provisions of the Companres Act, 1956, and iri) Pending hearing and final disposal of this petition, the Official Liquidator be appointed as Provisional Liquidator over and in respect of all assets and properties of the Company under the Companies Act, with all powers under the Companies Act; and iv) Costs of and/or incidental to this Petition be paid by the Company and/or be realized as a claim against the Company; and v) Such other order and further relrefs as may be deemed just and expedient in the facts and circumstances of the case may be granted. l. A. NO: 3 OF 2014(COMP A.

NO: 1547 0F 20141 Petition under Section 45 0 of the Companies (Court) lules, 1959 praying that in the circumstances stated in the affidavit filed in supp,r t of th e petrtion, the High Court may be pleased to a ppointed Official Liquidator r f this Hon,ble Court as Liquidator of the Compan y VMC System S Ltd with all r )cessary powers of the Companies Act, 1956 and to charge of the assets tr r:perties, business affairs, bank accounts etc of the Company and/or to conc I ct its affarrs rn the course of the winding up and to distribute its ass ets in a ;:ordance with the applicable law and exercise all powers under the provisions o the companies '19s6 act, l. A. NO: 4 OF 2014(COMpA, NO: 1s48 OF 20141 Petition under Rule O of tnE. omffiresfCourt) Rules 959 praying that in the circumstances stated in the affidavit fired in support of t1 ) petition, the High Court may be pteased The officiat tiquidator o" , ,,;;l;;;t'r,qJiJrt",. over and in respect all of the assets and prop.. ti".

"ppoiii"o;. of the ( orprny rni"ilf," companies act, with all powers under the Company Act. l. A. NO: s 9F 2014(COMpA. No: 1s49 OF 20141 Petition under order 39 Rure 1 & 2 R7;Rure g of the )ompanres (court) Rules, 1959 praying that in the circumstances . li"t"o in * 3 affidavit fired in support of the petition, the High court may be preased to rant an inlunJion restrainrng the company and. the Directors,'representatives : henchmen of the Respondent Company from either directly o'. inlir"",y alien:r ng, t;;;i;;;g'o, crealing any third party rights over the aisets, properties, --- ricr ts and interests of whatsoever nature of the Respondent company. ' Counsel for the petitioner: Sri Avinash Desai Counsel for the Respondent: Sri Vedula Srinivas COMPANY PETITION No. 45 of 2015 Between: M/s Economic Law practice, having its office at 10g - A Wirc Daramar rowers, Nanman Point, Mumbai _ 4OO OZ1 Represented by its Associate partner, Mr. Amit Vyas ... petitioner AND M/s. Vlt/C Systems Ltd..

, having its registered office at 2. 0 , oor, #6_3_g79/8, Green Lands, Begumpet, Hyderabad - 500 016 ... Respondent Company Petition under Section a$@), a34 & 439(1Xb) ,f '1956, the Companies Act, R/w Rute SS Co. prny'16ouiy irr". 1951) prayrng Hon'ble 1t fr. e rhat this Court may be pleased to. be wound up by a) Respondent, M/s. VMC Systems Lrmited, be to -ordered of the Companies Act' 1956; this Hon'ble Court under the provisions as the Liquidator of the respondent' b) The Official Liquidator be appointed necessary powers under the Companies M/s. VMC Systems Limited, with Act, 1956; c) Pending hearing and frnal disposal of the petition, the official liquidator, be ' income appointld as th"e provisional liquidator of the assets, properties and asalsothebusinessoftherespondent,l\4/sVIVICSystemsLlmited;and of this application be paid out of the d) The costs and incidental expenses assets of the respondent to the petitioner' NO:396. OF 2015) l. A. NO:1 OF 201S{COMPA.

(Court) Rules 1959 and Sectron ffiompanies 450ofCompaniesAct,lg56prayingthatinthecircumstancesStatedinthe petition, High court may be pleased "to appoint affidavit filed in support of the the of the assets, properties and ihe Official Liquidator as the Provisional Liquidator the Respondent income as also the business of Counsel for the Petitioner: Sri S' Vivek Chandra Sekhar Counsel for the Respondent: Sri Vedula Srinivas COMPANY PETITI ON No. 'l 15 of 20'15 Between: -frlrrtny Suravarapu, F-202, Akme Harmony Apartments, Belandur Road' Sarjapur Ring Road, Bangalore 560 103. ... petitioner ANO nd 2 BegumPet, tvl/s VMC Systems Limited, 6-3-87918 Floor. Greenlands, ' Hyderabad - 500 016 ...

ResPondent company Petition under Section a33(e) & (fl, a3+(1)(a) & (c) & a39(1)(b) of the Companies Act, 1956, R/w Rule 95 of the Company (Court) Rules' 1959 to praying that this Hon'ble Court may be pleased up by and under the Order' directrons and a) That the Company be wound sl,pervision of this Hon'ble Court under the provisrons of the Companies Act' 1956; b) That the Official Liquidator, High Court at Hyderabad be appointed Liquidator under the Companies Act' 1956; of the Company with all powers of Petition, the official inrr pending the hearing and final disposat this "1 Liquidatoi, Higl-i Court, Andhra Pradesh be appointed as the Provisronal etc' Liquidator of t6e Company and all its assets, properties, affairs and books Act, 1956, with all powers under the Companies of this Petition an order of d) Th;t pending the hearing and final disposal injunction be issJed restrainini the company by itself its Directors, servants and agents from in any manner either directly or indirectly; or parting with possesston i"Dealing with oi disposing of, alienating, transferring or immovable propertles; of any of tts movable and / ii.

Operating upon or withdrawing any amounts from the Ba I I Accounts; iii. obtaining and I or receiving any loan from Banks, financ: I instilutions, finance companies and I or from any party; e) For ad-interim relief in terms of prayer clause (c) and (d) : cove; and f) For costs of thrs Petition l. A. NO: 1 OF 2015 (coMPA. NO: 793 0F 2015) Petition under Section 450 of Companies Act, 1956 Fi ,t, ,106 Rule g and of Company Court Rules '1959 praying that in the circums t rrces stated in the affidavit filed in supp ort of the petttion, the High Court may : : pleased to appoint the Official Liqurdato r pending disposal of the Company p€t lron attached to this Hon'ble Court as the provisional Liquidator of the Responde rt Company with all its power under Section 457 of the Companies Act, j 956. l. A. NO: 2 OF 2015(COMP A.

NO:794 oF 201s) Petition under order 3g Rule 1 of the CPC R/w Rule of Company Court Rules, 1959 praying that in the ci rcumstances stated in 're affidavtt filed in support of the petition, the High Cou rt may be pleased to (a) The Hon'ble Court may be pleased to pass an crder of rn Junction restraining the company by itself its Directors, servan t: and agents from in any manner either directly or indirecfl v (i) Dealing wrth or disposing of, alienating, transfer rng or partin g with possession of any of its movable and lor immovablt: c roperties, and (ii) Operating upon or withdrawin g any amounts from tl Ba nk Accounts; (iii) Obtaining and/or receivin g any loan from Banks, f rancial institutions, finance companies and/or fr om any party Counsel for the Petitioner: M/s. K. Mamata Choudary Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION N o.

'l 35 of 2016 Between: M/s L & T lnfrastructure Financg-lgmpany Ltd, A Comp; ry regrstered under the provisions of cornpanies Act, 'r956, bearing crN. U67190 (2od6plcossszz having its registered office situated at n/lount Foonamallee f . rA VrnrpaXfa,n Chennar600089. and corporate office at 38, ,,G,, 2"d Froor, raxmi towers, B rck, prot No c_25, Bandra Kurra Complex, Bandra (E), Mumbai 400051. Rep by. R ShamaRao,. S/o N Ramakrishna Rao, Age: 35 ye ars, Occ Assistant ' cgleral l\/anager _ Wholesale Business Group *t 3SSR I rad No aS-lOor" HDFC Bank, Jubitee Hills Hyderabad _ 500 033 ,.. petitioner AND M/s VMC Systems Limited, (Formerly known as Vupp,; lspp;11_. ,, Magnetic Components Limited) A Company registered unOe.. tf," pr;", :;;; ;i C";;,;;;". Act, 1956 bearing crN: u29199Ap1597ptcoiailt having is regisrered office situated at,6-3,879/8, Greenlands, Begumpet, iyOeraOaO, 5C ( -.

16 ,l and also at Plant Address: Sy No 1/1 , plot 23lA; lmarathKancha, Hardware Park, Raviryata (V), t\/aheshwaram (lr/), Ranga Reddy District _ 500005 State of Telangana. UV its tr/lanaging Director, V . l_19, Himabindu, I-"p. H. No. 16-. 1 Sateem Nagar, l\ilalakpet, Hyderabad-500037. ... Respondent Company Petition under Section a33(e) (f), 434 1(a) & a39(1)(b)(C) of the Companies Act, 1956, R/w,Rule g5 'iOSO'p[ying of the Company (Court) Rules that this Hon'ble Court may be pleased to. (a) Directing that the Respondent company i. e. , I\irls VIr4c Systems Limited, be wound up by under the provrsrons . 1956, of the companies Act, under the direction, supervision of this Hon,ble Court: (b) Directing that the official Liquidator attached to this Hon,ble court be appointed as Liquidator of the Respondent company i. e.

, M/s vN/c systems Limited, with all the necessary powers under the compinies Act, 1956; ani Directing that pending hearing and fjnal disposal of the petition, the official . (c) Liquidator, be appointed as provisional the Liquidator of the as*et. , properties and income as also the business of the said Company, ld) Directing that pending the hearing and final disposal petrtion of the the Respondent company, its Directors, officers, servants and agents be restrained from in any manner whatsoever either direcfly or inJirecfly atienating encumbering, dealing with, transferring or otherwise disposing oif any of the Assets of the Respondent Company, (e) Directing interim and ad-interim reliefs in terms of prayer (b) to (d) (f) Directing cost of the Petition to be provided for to the petitioner. (g) And Pass such further and other reriefs as the nature and circumstances of the case may require. l. A. NO: 2 OF 2016(cOMPA.

NO : 541 OF 2016) Petition under Section 450 of the Companies Act, 1956 R/w Rule g of the . 1 Company (Court) Rules, 959 praying that in the crrcumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to pass an order directing that pend ing hearing and final disposal of the petition, that the Respondent Company i. e IM/s Vtt/lC Systems Limited by itself or by its directors, servants, agents, officers, employees or otherwise be restrained from disposing of, or a Iienating, transferring, encumbering or parting with the possession or creating any third-party rights in respect of the assets of the said Company in any manner whatsoever. l. A. NO: 3 OF 2016 (C OMPA.

NO: 5420F 20161 Petition under Section 1 51 CpC praying that in the circumstances stated in the affidavit filed in support of the petiti on, the High Court may be pleased to pass an order directrng that pending heari ng and final disposal of the petition, the Official Liquidator, be appointed as the Provisional Liquidator of the assets, properties and income as also the bus iness of the Respondent Company i. e M/s VtulC Systems Limited. l. A. NO: 4 OF 2016( COMPA. NO: 1657 OF 2016) Petition under Rule 21 Rlw Rule 9 of the Companie:: Court Rules, 1959 praying that in the circumstances stated in the affidavit fr r d in support of the petition, the High Court may be pleased to permit Ankur Satr o i. e-, the deponent herein, the constituted Attorney of the Applicant/Petitioner l( 'epresent in all the proceedings in the above company petition. Counsel for the Petitioner: Sri S. V. S. S. Sivaram Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION No.

150 of 2016 Between: M/s AMAX TECHNOLOGIES (P) LTD. , BLK 35, 03-0:r Marsiltng lndustrial Estate Road No, 3, Singapore 7 39257 , Rep- by its Authoriz: 1 Signatory Mr. PRAMOD DlXlT, .. -Petitioner AND VMC SYSTEMS LTD. , 46-3-879/8, 2nd floor, Greerr Lands, Begumpet, Hyderabad-500016, Rep. by its Managing Director, Ms. VUPPALAPATI HIMA BINDU Also at VMC SYSTEMS LTD. , Plot No. 23A, Hardware Park, Il rrvey No. l/ll lvlarat, Kancha, Raviryala Village, Off Shrisailam Highway, lVla leshwaram lVlandal, Ranga Reddy District, Telangana State, lndia Rep. by its Managing Director, Ms. VUPPALAPATI HIMA BINDU ... Respondent (l Company Petition under Section a33(e) & 434 of the rmpanies Act, 1956, R/w Rule 95 of the Company (Court) Rules, 1959 praying t I tr this Hon'ble Court may be pleased to: a) VMC SYSTEMS LTD.

, a company incorporated undr: lndian Companies Act,1 956 having its Regd Office at 46-3-879/8 , znd f :or, Green Lands, Begumpet, Hyderabad-500016, the respondent company h: ein be wound up in accordance with the provisions of the Companies Act, 1956, b) That the Official Liquidator of this Hon'ble Court, or sorre other fit and proper person be appointed as Liquidator of VMC SYSTEMS LTD. , rrth all powers under ' the provisions of the Companies Act, 1956; c) That pending the admission and hearing and final dispo:; I of the Petition, the Official Liquidator, attached to this Hon'ble Court or somc: c,ther fit and proper person be appointed Provisional Liquidator VMC SYSTEMS .

TD,, with all powers under the provisions of the Companies Act, 1956; d) That pending the admission hearing and final disposzrl ,:f the Petition, the Company by its officers, directors, servants and agents be rt stra ined by an order and injunction of this Hon'ble Court from in any manner dis r >sing off transferring ,/ or encumbering, alienating or parting with possession of the Assets of the Compan y, e) lt is prayed that this Hon'ble Court may be pleased to dispense with the filing of the original material documents 4-6, A-7 and A-8 accompanying with this petition at this stage in the interest of justice and to pass such other order or orders as this Hon'ble Court shall deem fit and proper in the circumstances of the CASC; f) To receive the documents as listed in the Affidavit and permit the Petitroner to mark them as Exhibits 1 to 1'1 in the interest of Justice and pass such other order or orders as this Hon'ble Court may deem fit and proper in the circumstances of the case.

g) For ad-interim reliefs in terms of Prayers (C) and (D) above; h) For costs; and i) for such further and other reliefs as the nature and circumstances of the case may require. l. A. NO:3 OF 2016(COMPA. NO: 612OF 2016) Petition under Rule 177 and 9 of the Company (Court) Rules, 1959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased the Official Liquidator of this Hon'ble Court, or some other fit and proper person be appointed as Liqurdator of VMC SYSTEMS LTD. with all powers under the provisions of the Companies Act, 1956, in the interest of Justice. l. A. NO: 4OF 2O16rcOMPA.

NO:613 OF 2016 Petition under Rule 177 and 9 of the Company (Court) Rules, 1959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to pending the admissron and hearing and final disposal of the Petition, the Official Liquidator, attached to this Hon'ble Court or some other fit and proper person be appointed Provisional Liquidator VMC SYSTEMS LTD. , with all powers under the provisions of the Companies Act, '1956, in the interest of Justice. l. A. NO: 5 OF 2016(COMPA.

NO: 514 OF 2016 Petition under Rule 177 and 9 of the Company (Court) Rules, 1959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to pending the admrssion hearing and final disposal of the Petition; the Company by its officers, drrectors, servants and agents be restrained by an order and injunction of this Hon'ble Court from in any manner disposing off, transferring or encumbering, alienating or parting with possession of the Assets of the Company. Counsel for the Petitioner: Mr. C. S. N. Raju Counsel for the Respondent: Mr. N. Vinesh Raj COMPANY PETITION No. 157 of 2016 Between: M/s L & T FINCORP LIMITED, A Company registered under the provisions of Companies Act, 1956, bearing CIN:U6591OMH1997PLC108179 having its registered office situated at, L & T House, N [t/l lVlarg, Ballard Estate, lVumbai- 400001 and corporate office at 34, Froor, j't Froor, Laxmi rowers G Brock prot No.

c 25, Bandra Kurla Complex, Bandra (E), tr/umbai 400 051 _ I rdia Rep by l\ils Vinda Wagh, Head_lndustrial Finance Groult I & T Fincorp. L & T Infrastructure Finance Co. Ltd, 3'd Floor, Brindavan, plot Jc. i 77, CST RoaO, Kalina Santacruz East, IVumbai 400 09g ... petitioner AND M/s VMC Systems Limited, (Formerly known as Vu I ralamritha [\4agnetic Components Limited) A Company registered under the prc,r s;ions of Companies Act, 1956 bearing CtN. U29199Ap1997pLC026477 havinc ts registered office situated at, 6-3-879/8, Greenlands, Begumpet, Hyderabad, I 10016 and also at: Plant Address: Sy. No. 1/1 , Plot 23tA lmarathKancha, Hardware p.. -k, Raviryala (V) Maheshwaram (N/), Ranga Reddy District _ 500005. State of Telangana. Rep: by its Managing Director, V. Himabindu, H. No 16-1'1-19, Sateem Nagar, [\4alakpet, Hyderabad_50001]. ...

Respondent Company Petition under Section a33(e)(f), 34 1(a) & ll9 (1)(b)(C) of the Companies Act, 1956, R/w Rule 95 of the Company (Court; lules, 1959 praying that this Hon'ble Court may be pleased to: (A) Directing that the respondent company i. e. , M/s VMC S ystems Limited, be wound up by under the provisions of the Companies A,; t SSO, undei the direction, supervision of this Hon,ble Court; (B) Directing that the officiar Liquidator attached to thi:; Hon,bre court be appointed as Liquidator of the respondent company i-e. , //s Vtrrrc sy"t"r. Limited, with all the necessary powers under the Companies ,\ ;1. , 1g56; ani Directing that pending hearing and final disposal .

(c) of the etition, the official Liquidator, be appointed as provisional the Liquidator of the ,assets, properttes and income as also the business of the said Company (D) Directing that pending the hearing and final disposal r; the petition the respondent company, its directors, officers, servants and ac 3nts be restrained from in any manner whatsoever either direcfly or in, irecfly arienating, encumbering, dearrng with, transferring or otherwise dispos ng oit oi t" Assets of the respondent company. "ny (E) Directing interim and ad-interim reliefs in terms of prayer rt ) to (d) (F) Directing cost of the Petition to be provided for petit to the < ner. l. A. NO: 1 OF 2O16(C OMPA. NO: 6 72 0F 20161 Petition under Section 450 of the Companies Act, 1953 tt/w Rule 9 of the Company (Court) RLrtes, 1959 praying that in the circumst,l r()es stated in the affidavit filed in support of the.

petition, the High Court may be ,leased to pass an order d irecting that pendi ng hearing and final disposal of th, petition, inrt tn" Respondent Company i. e lM/s VMC Systems Limited by itset. :i by its directors, servants, agents, officers, employees or otherwise be restra r:d from disposing of, or alienating, transfer ring, encumbering or parting with 1e po. rurrion or creating any third-party rig hts in respect of the assets of the s,: J Company rn any manner whatsoever. l. A. NO: 2 OF 2016(COMPA. NO: 673 OF 2016) Petition under Section 450 of the Companies Act, 1956 R/w Rule 9 of the Company (Court) Rules, 1959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to pass an order directing that pending hearing and final disposal of the petitron, the Official Liquidator, be appointed as the Provisional Liquidator of the assets, properties and income as also the business of the Respondent Company i.

e IV/s VIVC Systems Limited. l. A. NO: 3 OF 2016 COMPA. NO: 1656 OF 2016 Petition under Rule 21 R/w Rule 9 of the Companies Court Rules, 1 959 praying that in the circumstances stated in the affidavit filed in support of the petition, the High Court may be pleased to permit Anirudh Asopa i. e. , the deponent herein, the constituted Attorney of the Applicant/Petitioner to represent in all the proceedings in the above company petition. Counsel for the Petitioner: Sri S. V. S. S. Sivaram Counsel for the Respondent: Mr. N. Vinesh Raj The Court made the following: COMMON ORDER IN THE HIGH COURT FOR THE STATE OF T]E I,ANGANA AT HYDERABAD THE HON'BLE SMT. JUSTICE T. MADHA\ I DEVI COil{PANY PETITION Nos. 4 l 215 271 o1 _ ! 014; 45 & 115 of2015; 135. 150 & 157 of201 i DATB: 04. 02. 2026 C. P. No. 4l of2Ol4 Befwcen: M/s. Micro Plastics Pvt. [-td. ... Petitioner AND M/s. VMC Systerns Ltd Respondent C. P. No. 215 of 2014 Between: Wealthtree Advisors I']rivate Limited ...

Petitioner AND ',/MC Systems I -imited. Respondent C. P. No. 27l of 2014 Between: Soj itz Corporatior. r ... Petitioner AND M/s. VMC Systen'rs [. imited. ... Respondent C. P. No. 45 of 2015 Between: M/s. Econornic Law Practice ... Petitioner AND M/s. VMC Systems Ltd . . Respondent I MIJJ C. P. Nos. 4 l. 2 15. 27 lol-201,1: 45. 115 of20l-! : li5. 150 & 157 oi20l5 C. P. No. I l5 of 2015 Between: Muftlry Suravarapu .. Petitioner AND M/s. VMC Systems Limited. ... Respondent C. P. No. 135 of 2016 Between: M/s. L&T Infrastructure Finance Company Ltd. ... Petitioner AND Mis. VMC Systems Limited. . . Respondent C. P. No. l50 of 2016 Betrveen: M/s. Amax Technologies (P) Ltd. .. Petitioner AND VMC Systerns Ltd. . . Respor-rdent C. P. No. 157 of 2016 Behveen: M/s. L& T Fincorp Limited. ... Petitioner AND M/s. VMCI Systems Limited. . . Respondent COMITTON ORDBR These Company Petitions are filed seeking winding up of the respondent-company and settlement of the dues of the petitioners. TMDJ C P.

Nos J . 2t5. 27loll0l4: 45. ll5 ot 2015; li; 150 & l5'1 of20l6 2. Leamed counsel for the respondent subm I e:d that the respondent-company has already been dissolved by an der passed by 'r the National Cornpany t. aw Tribunal (NCLT) dated ](t )2. 2024 in IA (IBC) 52812022 &:- Cont. A(lBC) 312023 in CP(IB) No. 677l7lL{DBl20l8. In vierv of the same, the pr: cnt company petitions have become infructuous. 3. A copy of the order dated 20. 02. 2024 in tA (lB( ) s2812022 & Cont. A(IBC) 312023 in CP(IB) No. 677l7/HDB/2018 ras also been placed betbre this Courl. 4. In view of the above submissions, these Compar ,, Petitions are closed. Flowever, the petitioners are at liberty to avail ury altemative remedy available to thenr in accordance with law. SI) - K. SRINIVASA RAO JOINT REGISTRAR . ,". ',. e //TRUE COPY// sEcTtoN oFF|CER To, 1 . The Company Law Tribunal, Hyderabad -National Bench llyderabad. Office at 1'' floor corporate.

-virfugu Bhawan, Nagole, eanJLguoa T raitiannaram Hayathnagar Ailandar, Ranga Reddy District relangar z State pi" coo" Loo 680 2. One CC to Sri S. V S S. Sivaram, Advocate [OPUC] 3. One CC to Mr. N. Vinesh Ra1, Advocate fOpUCf 4. One CC ro Mr. C S. N Raju. Advocate fOpUCi- 5. One CC to tvl/s. K rvlamaia ChouOary, nOro. jt" tOpUCl 6. One CC to Sri Vedula Srinivas, na*'. rt" iOplti 7. one CC to Sri Avrnash Desai, AdvocateidEuil B. One CC to Sri S Vrvek Chandra Sutnrr,'nOro". ate [Optj )] 9. One CC to Sri S. tril. Subhan, nuro. "i" iOpU'CJ' 10. One CC to Sri T Bata Mohan neaoy. nivocaiJ 1oCUCl 11. Two CD Copies Kam/PSL P! '. ,S. HIGH COURT I DATED:0410212026 'Ft '\ r' vA \) o . J I g, 't * PAr'l COMMON ORDER CP. Nos. 41, 215, 271 of 2014; 45 & 115 r: f 2015; 135,150 & 157 of 2016 THESE COMPANY PETITIONS ARE CLOSED P^(\, r-\ z\><

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