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of <h1>Winding up order issued for Corruplast Packaging Private Limited due to unpaid debts</h1> <h3>Pal Papers (P.) Ltd. Versus Corruplast Packaging (P.) Ltd.</h3> The High Court of Gujarat ordered the winding up of M/s. Corruplast Packaging Private Limited due to its inability to pay debts. The Official Liquidator ... Winding up - Circumstance in which a company may be wound up The High Court of Gujarat ordered the winding up of M/s. Corruplast Packaging Private Limited as it was unable to pay its debts. The Official Liquidator was appointed to take charge of the assets and conduct the winding up process. The company was restrained from dealing with its assets. The petitioner was directed to publish the winding-up order in newspapers and the Official Gazette. The petition was disposed of with no costs.
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