https://www.taxtmi.com/caselaws?id=105191 The court granted the petition for winding up the company based on loss of substratum and just and equitable grounds, as the company had ceased its main objective activities and the petitioners had a prima facie case for winding up. However, the court rejected the appointment of the Official Liquidator as provisional Liquidator due to the lack of urgency and grounds for such an appointment based on the available material. en-us Fri, 12 Mar 1999 00:00:00 +0530 Fri, 02 Mar 2012 18:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105191 The court granted the petition for winding up the company based on loss of substratum and just and equitable grounds, as the company had ceased its main objective activities and the petitioners had a prima facie case for winding up. However, the court rejected the appointment of the Official Liquidator as provisional Liquidator due to the lack of urgency and grounds for such an appointment based on the available material. Case-Laws Companies Law Fri, 12 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105191