https://www.taxtmi.com/caselaws?id=114034 The High Court set aside the previous order and directed the Board for Industrial and Financial Reconstruction (BIFR) to reassess the company's viability for rehabilitation, considering its improved financial position and settlements with creditors. The BIFR was instructed to review the necessity of winding up, ensuring settlement of employees' dues, while the official liquidator retained possession of the company's assets pending the Board's decision. en-us Tue, 02 Dec 2008 00:00:00 +0530 Sat, 22 Nov 2014 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114034 The High Court set aside the previous order and directed the Board for Industrial and Financial Reconstruction (BIFR) to reassess the company's viability for rehabilitation, considering its improved financial position and settlements with creditors. The BIFR was instructed to review the necessity of winding up, ensuring settlement of employees' dues, while the official liquidator retained possession of the company's assets pending the Board's decision. Case-Laws Companies Law Tue, 02 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114034