https://www.taxtmi.com/caselaws?id=108352 The court ordered the winding up of M/s. Incan Mutual Fund Benefit Limited under Section 433(e) of the Companies Act due to its inability to pay debts. The Official Liquidator was appointed to manage assets and liabilities and create a repayment plan for creditors. The court directed the CBI to investigate the alleged misappropriation of funds by the company's directors. The petition against M/s. Incan Group of Companies was deemed maintainable only against M/s. Incan Mutual Fund Benefit Limited. en-us Wed, 15 Jan 2003 00:00:00 +0530 Sat, 31 Mar 2012 12:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108352 The court ordered the winding up of M/s. Incan Mutual Fund Benefit Limited under Section 433(e) of the Companies Act due to its inability to pay debts. The Official Liquidator was appointed to manage assets and liabilities and create a repayment plan for creditors. The court directed the CBI to investigate the alleged misappropriation of funds by the company's directors. The petition against M/s. Incan Group of Companies was deemed maintainable only against M/s. Incan Mutual Fund Benefit Limited. Case-Laws Companies Law Wed, 15 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108352