https://www.taxtmi.com/caselaws?id=106871 Service of the statutory demand notice at the company's registered office is mandatory before a company can be deemed unable to pay its debts under the Companies Act, 1956, and notice addressed only to the managing director was insufficient. Pendency of proceedings before BIFR also barred winding-up proceedings under the Sick Industrial Companies (Special Provisions) Act, 1985 unless the requisite consent was obtained, and maintainability had to be tested on the filing date. The BIFR and AAIFR findings that the company had no viable rehabilitation proposal supported a separate winding-up order on the record before the court. en-us Thu, 08 Nov 2001 00:00:00 +0530 Fri, 16 Mar 2012 11:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106871 Service of the statutory demand notice at the company's registered office is mandatory before a company can be deemed unable to pay its debts under the Companies Act, 1956, and notice addressed only to the managing director was insufficient. Pendency of proceedings before BIFR also barred winding-up proceedings under the Sick Industrial Companies (Special Provisions) Act, 1985 unless the requisite consent was obtained, and maintainability had to be tested on the filing date. The BIFR and AAIFR findings that the company had no viable rehabilitation proposal supported a separate winding-up order on the record before the court. Case-Laws Companies Law Thu, 08 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106871