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Counsel for petitioner has placed reliance upon the judgment of this court in the matter of UCO Bank Vs. M/s.Zoom Developers (Pvt) Ltd dated 20/11/2014 passed in Company Petition No.9/2011 but in that case the winding up petition was admitted on reaching to the conclusion that respondent company had neglected to pay the amount inspite of the service of statutory notice whereas in the present case the respondent company had made sincere offer before this court to repay the amount.

In these circumstances, the present petition filed for winding up of the respondent company is dismissed.