https://www.taxtmi.com/caselaws?id=103478 The court allowed the petition seeking to wind up the company under section 433(c) and (f) read with section 439 of the Companies Act, 1956. The decision was based on established grounds of business suspension for over a year since 1987 and majority shareholder support for winding up the company, despite opposition advocating for profitable management. The judgment appointed an official liquidator, directed the registry to issue relevant orders, and required the petitioner to cover initial expenses for the liquidation process within a specified timeframe. en-us Thu, 05 Aug 1993 00:00:00 +0530 Thu, 23 Feb 2012 10:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103478 The court allowed the petition seeking to wind up the company under section 433(c) and (f) read with section 439 of the Companies Act, 1956. The decision was based on established grounds of business suspension for over a year since 1987 and majority shareholder support for winding up the company, despite opposition advocating for profitable management. The judgment appointed an official liquidator, directed the registry to issue relevant orders, and required the petitioner to cover initial expenses for the liquidation process within a specified timeframe. Case-Laws Companies Law Thu, 05 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103478