https://www.taxtmi.com/caselaws?id=106615 The Court ordered the winding up of J.D. Polymers Ltd. under section 433(e) of the Companies Act, 1956 due to default in payment of an Inter Corporate Deposit, despite partial payment made by the company. The Court appointed an official liquidator to oversee the liquidation process and settlement of liabilities, emphasizing the legal repercussions of persistent payment defaults and the court's power to wind up a company in such cases. en-us Mon, 28 Jan 2002 00:00:00 +0530 Wed, 14 Mar 2012 18:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106615 The Court ordered the winding up of J.D. Polymers Ltd. under section 433(e) of the Companies Act, 1956 due to default in payment of an Inter Corporate Deposit, despite partial payment made by the company. The Court appointed an official liquidator to oversee the liquidation process and settlement of liabilities, emphasizing the legal repercussions of persistent payment defaults and the court's power to wind up a company in such cases. Case-Laws Companies Law Mon, 28 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106615