https://www.taxtmi.com/caselaws?id=100075 The court dismissed the application for revival of the applications under the Companies Act, emphasizing the company's commercial insolvency and inability to engage in lawful activities. It clarified that a member retains the right to file under section 391(1) post a winding-up order, distinguishing between a member and a contributory. The court rejected staying the winding-up order, noting the company's commercial insolvency and involvement in prohibited activities, highlighting the importance of upholding legal provisions and safeguarding creditors' interests in such cases. en-us Tue, 31 Mar 1981 00:00:00 +0530 Tue, 31 Jan 2012 11:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100075 The court dismissed the application for revival of the applications under the Companies Act, emphasizing the company's commercial insolvency and inability to engage in lawful activities. It clarified that a member retains the right to file under section 391(1) post a winding-up order, distinguishing between a member and a contributory. The court rejected staying the winding-up order, noting the company's commercial insolvency and involvement in prohibited activities, highlighting the importance of upholding legal provisions and safeguarding creditors' interests in such cases. Case-Laws Companies Law Tue, 31 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100075