https://www.taxtmi.com/caselaws?id=104031 The High Court ordered the winding up of Champaran Sugar Company Limited, appointing the official liquidator after the Appellate Authority for Industrial and Financial Reconstruction confirmed the recommendation. Various rehabilitation schemes were proposed but faced challenges, leading to an interim measure allowing Dr. B.C. Roy Pharmaceuticals Limited to operate the factories under strict conditions. Financial viability and creditor responses were scrutinized, emphasizing the need for clear plans. The court set detailed terms for interim operation, focusing on employee payments, security deposits, and compliance requirements, aiming to address immediate concerns while planning for the mills' future. en-us Wed, 20 Sep 1995 00:00:00 +0530 Mon, 27 Feb 2012 13:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104031 The High Court ordered the winding up of Champaran Sugar Company Limited, appointing the official liquidator after the Appellate Authority for Industrial and Financial Reconstruction confirmed the recommendation. Various rehabilitation schemes were proposed but faced challenges, leading to an interim measure allowing Dr. B.C. Roy Pharmaceuticals Limited to operate the factories under strict conditions. Financial viability and creditor responses were scrutinized, emphasizing the need for clear plans. The court set detailed terms for interim operation, focusing on employee payments, security deposits, and compliance requirements, aiming to address immediate concerns while planning for the mills' future. Case-Laws Companies Law Wed, 20 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104031