https://www.taxtmi.com/caselaws?id=103730 A specialised statutory board's recommendation for winding up under section 20 of the Sick Industrial Companies (Special Provisions) Act, 1985 was placed before the HC and remained unrebutted. The company did not appear despite service, and the record supported the view that winding up was appropriate under the Companies Act, 1956. The Court accepted the recommendation and ordered the company to be wound up. The connected petition was disposed of with liberty to revive it if the winding-up order were later recalled or withdrawn. en-us Thu, 30 Jul 1998 00:00:00 +0530 Fri, 24 Feb 2012 14:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103730 A specialised statutory board's recommendation for winding up under section 20 of the Sick Industrial Companies (Special Provisions) Act, 1985 was placed before the HC and remained unrebutted. The company did not appear despite service, and the record supported the view that winding up was appropriate under the Companies Act, 1956. The Court accepted the recommendation and ordered the company to be wound up. The connected petition was disposed of with liberty to revive it if the winding-up order were later recalled or withdrawn. Case-Laws Companies Law Thu, 30 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103730