https://www.taxtmi.com/caselaws?id=98668 The court ordered the winding up of Morning Star (Private) Ltd., despite its dissolution status under section 560(5) of the Companies Act, 1956. The judgment clarified that a company struck off the register and dissolved could still be wound up under clause (b) of the proviso to section 560(5), emphasizing the court's jurisdiction to administer assets and liabilities post-dissolution. Precedents supported the view that dissolution did not preclude winding up, highlighting the legislative intent behind the provision. The court's interpretation affirmed the availability of the remedy to wind up companies in such circumstances, leading to the winding up of Morning Star (Private) Ltd. en-us Thu, 07 Aug 1969 00:00:00 +0530 Sat, 21 Jan 2012 15:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98668 The court ordered the winding up of Morning Star (Private) Ltd., despite its dissolution status under section 560(5) of the Companies Act, 1956. The judgment clarified that a company struck off the register and dissolved could still be wound up under clause (b) of the proviso to section 560(5), emphasizing the court's jurisdiction to administer assets and liabilities post-dissolution. Precedents supported the view that dissolution did not preclude winding up, highlighting the legislative intent behind the provision. The court's interpretation affirmed the availability of the remedy to wind up companies in such circumstances, leading to the winding up of Morning Star (Private) Ltd. Case-Laws Companies Law Thu, 07 Aug 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98668