https://www.taxtmi.com/caselaws?id=97847 The court found that the company was unable to pay its debts, had suspended its business for over a year, and it was just and equitable to wind up the company. Consequently, the court ordered the winding up of the Hyderabad Vegetable Products Co. Ltd. under the Companies Act, 1956. The official liquidator was directed to take charge of the company's assets, and the petitioner was instructed to advertise the winding-up order and serve a certified copy on the Registrar of Companies. The costs of the petition were to be paid from the company's assets. en-us Tue, 17 Jan 1961 00:00:00 +0530 Wed, 18 Jan 2012 13:06:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97847 The court found that the company was unable to pay its debts, had suspended its business for over a year, and it was just and equitable to wind up the company. Consequently, the court ordered the winding up of the Hyderabad Vegetable Products Co. Ltd. under the Companies Act, 1956. The official liquidator was directed to take charge of the company's assets, and the petitioner was instructed to advertise the winding-up order and serve a certified copy on the Registrar of Companies. The costs of the petition were to be paid from the company's assets. Case-Laws Companies Law Tue, 17 Jan 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97847