https://www.taxtmi.com/caselaws?id=108706 The Court found the respondent company liable for winding up under sections 433(b), (c), and (f) of the Companies Act, 1956 based on default in payment to investors and involvement in fraudulent activities. Consequently, the company petition was allowed, and the respondent company was directed to be wound up. The official liquidator, previously appointed as provisional liquidator, was now appointed as the Liquidator of the Company under section 449. en-us Tue, 21 May 2002 00:00:00 +0530 Tue, 03 Apr 2012 14:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108706 The Court found the respondent company liable for winding up under sections 433(b), (c), and (f) of the Companies Act, 1956 based on default in payment to investors and involvement in fraudulent activities. Consequently, the company petition was allowed, and the respondent company was directed to be wound up. The official liquidator, previously appointed as provisional liquidator, was now appointed as the Liquidator of the Company under section 449. Case-Laws Companies Law Tue, 21 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108706