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of <h1>Shekharaj Hotel (P.) Ltd. Ordered to Wound Up for Loan Default</h1> The High Court of Allahabad found Shekharaj Hotel (P.) Ltd. liable to be wound up for failing to pay a loan amount of Rs. 23,81,4000 as they did not ... Winding- up - Circumstances in which a company may be wound up The High Court of Allahabad deemed the notice served to a respondent-company as sufficient as they did not appear in court. The respondent-company, Shekharaj Hotel (P.) Ltd., was found liable to be wound up for failing to pay a loan amount of Rs. 23,81,4000. The official liquidator was appointed to take over the assets and prepare a report for the court.
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