https://www.taxtmi.com/caselaws?id=101089 The company, Nona Sona Exports Pvt. Ltd., faced liquidation following a winding-up petition by a creditor due to substantial unpaid liabilities. Despite attempts to set aside the winding-up order, the company failed. Prosecution against directors is ongoing for not submitting the statement of affairs, with a warrant issued at one point for a director's production. The court rejected a petition for company revival under section 391 of the Companies Act due to a lack of credibility in the proposed scheme, emphasizing the need for compliance with possession delivery to the landlord within a specified timeframe. en-us Fri, 16 Mar 1984 00:00:00 +0530 Wed, 08 Feb 2012 15:52:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101089 The company, Nona Sona Exports Pvt. Ltd., faced liquidation following a winding-up petition by a creditor due to substantial unpaid liabilities. Despite attempts to set aside the winding-up order, the company failed. Prosecution against directors is ongoing for not submitting the statement of affairs, with a warrant issued at one point for a director's production. The court rejected a petition for company revival under section 391 of the Companies Act due to a lack of credibility in the proposed scheme, emphasizing the need for compliance with possession delivery to the landlord within a specified timeframe. Case-Laws Companies Law Fri, 16 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101089