Winding-up grounds under the Companies Act were established where no effective objection was raised to dissolution.

The company was found to attract the statutory grounds for winding up under section 433(b), (c) and (f) of the Companies Act, 1956, because the petition was supported by investigative material, statutory notices and publication of notice, and no effective objection was raised. The counter-affidavit did not dispute the company's inability to carry on business since incorporation and expressly stated that there was no objection to winding up or dissolution. On that basis, the winding-up petition succeeded, and the respondent-company was ordered to be wound up with the provisional liquidator continuing as liquidator under the Act.

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Issues: Whether the respondent-company was liable to be wound up under section 433(b), (c) and (f) of the Companies Act, 1956.

Analysis: The petition was supported by the investigative material placed by the petitioner, the statutory notices issued by the Department of Company Affairs, and the publication of notice, none of which evoked any objection. The counter-affidavit did not dispute the company's inability to carry on business since incorporation and expressly stated that there was no objection to winding up or dissolution. On these facts, the Court recorded satisfaction that the company attracted the statutory grounds for winding up.

Conclusion: The company was held liable to be wound up under section 433(b), (c) and (f) of the Companies Act, 1956.

Final Conclusion: The winding-up petition succeeded and the respondent-company was ordered to be wound up, with the provisional liquidator continuing as liquidator under the Act.

Ratio Decidendi: Where the statutory grounds for winding up are established and there is no effective objection to dissolution, the company may be ordered to be wound up and a liquidator appointed in accordance with the Companies Act, 1956.

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