https://www.taxtmi.com/caselaws?id=98881 The court found the company to be commercially insolvent as its assets were insufficient to cover its liabilities, including both present and contingent debts. Consequently, the court ordered the winding-up of the company, appointing an official liquidator to manage the process. The winding-up was set to begin from the date of the petition's presentation, with the order to be advertised in specified publications, and the petitioner entitled to costs from the company. en-us Tue, 10 Aug 1971 00:00:00 +0530 Tue, 24 Jan 2012 13:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98881 The court found the company to be commercially insolvent as its assets were insufficient to cover its liabilities, including both present and contingent debts. Consequently, the court ordered the winding-up of the company, appointing an official liquidator to manage the process. The winding-up was set to begin from the date of the petition's presentation, with the order to be advertised in specified publications, and the petitioner entitled to costs from the company. Case-Laws Companies Law Tue, 10 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98881