https://www.taxtmi.com/caselaws?id=110521 The Court concluded that there was no possibility for the revival of the Company, agreeing with the BIFR's opinion. The proposed revival scheme by Kamdar Ladat Samiti was deemed unviable and non-compliant with statutory provisions. Consequently, the Court ordered the winding up of the respondent Company in Company Petition No. 2 of 1998. The Official Liquidator was appointed as the Liquidator, with powers under the law. Company Application No. 292 of 1998 was rejected, and winding-up orders were granted in Company Petition Nos. 65 of 1998, 210 of 1998, and 9 of 1999. en-us Thu, 12 Aug 2004 00:00:00 +0530 Tue, 17 Apr 2012 12:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110521 The Court concluded that there was no possibility for the revival of the Company, agreeing with the BIFR's opinion. The proposed revival scheme by Kamdar Ladat Samiti was deemed unviable and non-compliant with statutory provisions. Consequently, the Court ordered the winding up of the respondent Company in Company Petition No. 2 of 1998. The Official Liquidator was appointed as the Liquidator, with powers under the law. Company Application No. 292 of 1998 was rejected, and winding-up orders were granted in Company Petition Nos. 65 of 1998, 210 of 1998, and 9 of 1999. Case-Laws Companies Law Thu, 12 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110521