https://www.taxtmi.com/caselaws?id=108726 The company was found unable to discharge its current liabilities and financial obligations on the materials placed before the Court, after it did not enter appearance despite newspaper notice. Winding up was treated as justified as being just, equitable and in the public interest. The company was ordered to be wound up, the Official Liquidator was appointed to take charge of its assets and affairs, and restraint orders were issued to prevent dealings with the assets until takeover. en-us Tue, 18 Jun 2002 00:00:00 +0530 Tue, 03 Apr 2012 15:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108726 The company was found unable to discharge its current liabilities and financial obligations on the materials placed before the Court, after it did not enter appearance despite newspaper notice. Winding up was treated as justified as being just, equitable and in the public interest. The company was ordered to be wound up, the Official Liquidator was appointed to take charge of its assets and affairs, and restraint orders were issued to prevent dealings with the assets until takeover. Case-Laws Companies Law Tue, 18 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108726