Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
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Seeking winding up of respondent company - Failure to pay outstanding dues - section 434 of the Companies Act, 1956 - The court noted the substantial unpaid amount despite demand and found merit in the petitioner's claim for winding up due to the respondent's failure to settle outstanding dues. - Considering the need for liquidation proceedings, the court appointed an Official Liquidator and granted necessary permissions for asset realization and disbursement of dividends. - Upon finding that all assets were realized, creditors were paid, and no further proceedings were feasible, the court ordered the dissolution of the respondent company under Section 481 of the Companies Act, 1956.
Seeking winding up of respondent company - Failure to pay outstanding dues - section 434 of the Companies Act, 1956 - The court noted the substantial unpaid amount despite demand and found merit in the petitioner's claim for winding up due to the respondent's failure to settle outstanding dues. - Considering the need for liquidation proceedings, the court appointed an Official Liquidator and granted necessary permissions for asset realization and disbursement of dividends. - Upon finding that all assets were realized, creditors were paid, and no further proceedings were feasible, the court ordered the dissolution of the respondent company under Section 481 of the Companies Act, 1956.
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