https://www.taxtmi.com/caselaws?id=99605 The court granted a four-month adjournment for a company facing a winding-up petition based on an Rs. 800 debt, following a change in management aiming to revive the business. Despite creditor support and feasibility reports, the court found the company dormant since March 1976, with no prospects of repayment or profitability. Consequently, the court ordered the winding-up of the company, with costs covered by its assets and a temporary stay on the order granted until a specified date. en-us Mon, 17 Apr 1978 00:00:00 +0530 Sat, 28 Jan 2012 10:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99605 The court granted a four-month adjournment for a company facing a winding-up petition based on an Rs. 800 debt, following a change in management aiming to revive the business. Despite creditor support and feasibility reports, the court found the company dormant since March 1976, with no prospects of repayment or profitability. Consequently, the court ordered the winding-up of the company, with costs covered by its assets and a temporary stay on the order granted until a specified date. Case-Laws Companies Law Mon, 17 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99605