https://www.taxtmi.com/caselaws?id=110502 The court rejected the petitioner's application for revocation of the winding-up order and permission to resume manufacturing activities. The court vacated the stay restraining the Official Liquidator from taking possession, emphasizing that the proposed revival scheme did not inspire confidence in the company's ability to meet its liabilities and restart operations. The court concluded that the company's significant debts and past failures indicated no reasonable prospect of revival. en-us Fri, 30 Jul 2004 00:00:00 +0530 Tue, 17 Apr 2012 11:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110502 The court rejected the petitioner's application for revocation of the winding-up order and permission to resume manufacturing activities. The court vacated the stay restraining the Official Liquidator from taking possession, emphasizing that the proposed revival scheme did not inspire confidence in the company's ability to meet its liabilities and restart operations. The court concluded that the company's significant debts and past failures indicated no reasonable prospect of revival. Case-Laws Companies Law Fri, 30 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110502