https://www.taxtmi.com/caselaws?id=112674 The court dismissed the applications to set aside the ex parte order and recall the winding up order of M/s. Mangla Kotex Limited. It held that the company could only be revived under specific provisions of the Companies Act, and the substantial liabilities towards secured creditors, coupled with the absence of a viable revival proposal, did not support recalling the winding up order. The court emphasized the lack of valid grounds for recall and the need for compliance with statutory provisions for company revival. en-us Tue, 30 Sep 2008 00:00:00 +0530 Thu, 27 Nov 2014 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112674 The court dismissed the applications to set aside the ex parte order and recall the winding up order of M/s. Mangla Kotex Limited. It held that the company could only be revived under specific provisions of the Companies Act, and the substantial liabilities towards secured creditors, coupled with the absence of a viable revival proposal, did not support recalling the winding up order. The court emphasized the lack of valid grounds for recall and the need for compliance with statutory provisions for company revival. Case-Laws Companies Law Tue, 30 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112674