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        Companies Law

        2003 (2) TMI 341 - HC - Companies Law

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        High Court orders winding up of company for failure to commence business since 1992 The High Court of Gauhati ordered the winding up of M/s. Barua and Barua Drugs Private Limited due to failure to commence business since its incorporation ...
                        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.

                            High Court orders winding up of company for failure to commence business since 1992

                            The High Court of Gauhati ordered the winding up of M/s. Barua and Barua Drugs Private Limited due to failure to commence business since its incorporation in 1992. Both petitioners and respondent No. 2, as promoters, were held responsible for this failure. No shares were subscribed, no meetings held, and no statutory returns filed. Registrar of Companies to take necessary action.


                            The High Court of Gauhati ordered the winding up of M/s. Barua and Barua Drugs Private Limited due to failure to commence business since its incorporation in 1992. Both petitioners and respondent No. 2, as promoters, were held responsible for this failure. No shares were subscribed, no meetings held, and no statutory returns filed. Registrar of Companies to take necessary action.
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