rice mills

About two years after the dismissal of the insolvency petition, the petitioners herein filed I.A.No.883 of 2005 to release the bank guarantee. Through the impugned order, the Insolvency Court dismissed the same. The petitioners contend that the bank guarantee is liable to be released and that the impugned order is liable to be set aside. when the insolvency petition was dismissed and when the bank guarantee was expired earlier to it, the petitioner can be released from bank guarantee to continue their business.

                        IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD                         (Special Original Jurisdiction) PRESENT THE HON’BLE SRI JUSTICE K.G.SHANKAR C.R.P.NO.5131 OF 2006   20-12-2010 Between:- R.Srinivas and others .. Petitioners And Pulamati Bai and others ..Respondents ORDER:- The learned III Additional District Judge, Warangal, … Continue reading →