https://www.taxtmi.com/caselaws?id=103750 The court found the respondent-companies liable to pay the claimed amounts, unable to pay their debts, and commercially insolvent. Consequently, the respondent-companies were ordered to be wound up, with the Official Liquidator taking charge of their assets. The petitioner was directed to advertise the winding-up notice and serve the order on the Registrar of Companies. en-us Tue, 11 Aug 1998 00:00:00 +0530 Mon, 12 Mar 2012 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103750 The court found the respondent-companies liable to pay the claimed amounts, unable to pay their debts, and commercially insolvent. Consequently, the respondent-companies were ordered to be wound up, with the Official Liquidator taking charge of their assets. The petitioner was directed to advertise the winding-up notice and serve the order on the Registrar of Companies. Case-Laws Companies Law Tue, 11 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103750