https://www.taxtmi.com/caselaws?id=113045 The High Court upheld the admission of the winding up petition against the appellant company, appointing the official liquidator as provisional liquidator. The court restrained the appellant from transferring assets except to meet liabilities owed to the respondent. Despite past failures to pay outstanding debts, the court granted a final opportunity for payment in installments, considering the impact on workers. Failure to comply would result in immediate enforcement of the winding up order. en-us Wed, 02 Jul 2008 00:00:00 +0530 Fri, 05 Dec 2014 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113045 The High Court upheld the admission of the winding up petition against the appellant company, appointing the official liquidator as provisional liquidator. The court restrained the appellant from transferring assets except to meet liabilities owed to the respondent. Despite past failures to pay outstanding debts, the court granted a final opportunity for payment in installments, considering the impact on workers. Failure to comply would result in immediate enforcement of the winding up order. Case-Laws Companies Law Wed, 02 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113045