Delhi HC Transfer nascent winding up proceedings to NCLT

Arabian Oilfield Suppliers & Services Vs Greka Drilling (India) Limited (Delhi High Court) Arabian Oilfield Suppliers & Services (the petitioner) filed a winding-up petition against Greka Drilling (India) Limited (the respondent) in the Delhi High Court. The petition was based on the respondent’s failure to pay outstanding dues totaling US$ 723,193.03. The respondent, engaged in providing drilling services for the oil and gas sector, had placed purchase orders with the petitioner for the supply of casing materials. Despite the petitioner supplying the goods as per the orders, the...