https://www.taxtmi.com/caselaws?id=103311 The court found the respondent-company unable to pay its debts and ordered its winding up under sections 433, 434, and 439 of the Companies Act, 1956. The official liquidator was appointed to take control of the company's assets, and the petitioner was directed to advertise the winding-up order. The judgment emphasized the company's failure to adhere to payment agreements and deliberate avoidance of debt repayment, leading to the court's decision for winding up based on the company's inability to settle its liabilities. en-us Wed, 22 May 1996 00:00:00 +0530 Wed, 22 Feb 2012 13:12:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103311 The court found the respondent-company unable to pay its debts and ordered its winding up under sections 433, 434, and 439 of the Companies Act, 1956. The official liquidator was appointed to take control of the company's assets, and the petitioner was directed to advertise the winding-up order. The judgment emphasized the company's failure to adhere to payment agreements and deliberate avoidance of debt repayment, leading to the court's decision for winding up based on the company's inability to settle its liabilities. Case-Laws Companies Law Wed, 22 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103311