Power to wind up foreign companies: allows winding up in India as unregistered companies despite dissolution abroad. A foreign body corporate that carried on business in India and thereafter ceases to do so may be wound up in India as an unregistered company under the relevant statutory regime, notwithstanding that it has been dissolved or ceased to exist under the laws of its place of incorporation; dissolution abroad does not bar Indian winding up proceedings to deal with liabilities or claims arising from its Indian business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power to wind up foreign companies: allows winding up in India as unregistered companies despite dissolution abroad.
A foreign body corporate that carried on business in India and thereafter ceases to do so may be wound up in India as an unregistered company under the relevant statutory regime, notwithstanding that it has been dissolved or ceased to exist under the laws of its place of incorporation; dissolution abroad does not bar Indian winding up proceedings to deal with liabilities or claims arising from its Indian business.
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