https://www.taxtmi.com/caselaws?id=104103 A winding-up petition under the Companies Act, 1956 was found maintainable where the company was heavily indebted, its business had ceased, its offices were closed, and no prospect of revival remained. The material before the Court showed that these assertions were not seriously disputed in the counter-affidavit, and the statutory basis for winding up was treated as satisfied. The Court also accepted that public-interest considerations did not bar relief on the facts presented, and the company was held liable to be wound up. en-us Wed, 17 Feb 1999 00:00:00 +0530 Mon, 27 Feb 2012 17:03:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104103 A winding-up petition under the Companies Act, 1956 was found maintainable where the company was heavily indebted, its business had ceased, its offices were closed, and no prospect of revival remained. The material before the Court showed that these assertions were not seriously disputed in the counter-affidavit, and the statutory basis for winding up was treated as satisfied. The Court also accepted that public-interest considerations did not bar relief on the facts presented, and the company was held liable to be wound up. Case-Laws Companies Law Wed, 17 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104103