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of <h1>Company Winding Up: Conditions Include Inability to Pay Debts, Fraud, or Tribunal Orders Under Chapter XIX.</h1> A company may be wound up by the Tribunal under specific conditions: inability to pay debts, a special resolution for winding up, actions against national interests, a Tribunal order under Chapter XIX, fraudulent conduct, failure to file financial statements or annual returns for five years, or if deemed just and equitable. A company is considered unable to pay its debts if a creditor's demand over one lakh rupees remains unpaid for 21 days, a court order is unsatisfied, or the Tribunal finds the company unable to meet its liabilities, including contingent and prospective ones.
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