https://www.taxtmi.com/caselaws?id=97740 The court determined that the company was liable to be wound up under clauses (c) and (f) of section 433 of the Companies Act. The company failed to commence business within a year of incorporation and had no substantial assets or activities. The court found it just and equitable to wind up the company due to the failure of its main object and lack of viable business prospects. The court rejected alternative suggestions and ordered the winding up of the company, appointing an official liquidator to oversee the process. en-us Tue, 06 Sep 1960 00:00:00 +0530 Tue, 17 Jan 2012 18:11:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97740 The court determined that the company was liable to be wound up under clauses (c) and (f) of section 433 of the Companies Act. The company failed to commence business within a year of incorporation and had no substantial assets or activities. The court found it just and equitable to wind up the company due to the failure of its main object and lack of viable business prospects. The court rejected alternative suggestions and ordered the winding up of the company, appointing an official liquidator to oversee the process. Case-Laws Companies Law Tue, 06 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97740