https://www.taxtmi.com/caselaws?id=105478 The court ruled in favor of the workers, emphasizing the company's failure to honor the agreement, leading to non-payment of wages. The judgment highlighted the company's financial distress, inability to meet obligations, and lack of viable settlement schemes. The court rejected the company's plea of limitation and upheld the winding up under section 433(e) and (f) of the Companies Act, 1956, due to prolonged financial mismanagement. The appeal was dismissed, and costs were imposed on the company. en-us Wed, 25 Jul 2001 00:00:00 +0530 Mon, 05 Mar 2012 17:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105478 The court ruled in favor of the workers, emphasizing the company's failure to honor the agreement, leading to non-payment of wages. The judgment highlighted the company's financial distress, inability to meet obligations, and lack of viable settlement schemes. The court rejected the company's plea of limitation and upheld the winding up under section 433(e) and (f) of the Companies Act, 1956, due to prolonged financial mismanagement. The appeal was dismissed, and costs were imposed on the company. Case-Laws Companies Law Wed, 25 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105478