https://www.taxtmi.com/caselaws?id=214973 The court granted the winding-up applications against the company filed by ICICI Bank Limited and M/s. G.S. Atwal & Co. (Engineers) P. Ltd. due to substantial unpaid loans totaling over Rs. 17 crores and Rs. 60 lakhs, respectively. The company's defense citing the avian flu outbreak impacting its business was deemed insufficient, with the court appointing the Official Liquidator as Provisional Liquidator to seize assets. Despite partial payment attempts, the court found no valid defense for the debts, leading to the company's winding up, with a two-week appeal window granted. en-us Mon, 01 Aug 2011 00:00:00 +0530 Fri, 08 Feb 2013 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214973 The court granted the winding-up applications against the company filed by ICICI Bank Limited and M/s. G.S. Atwal & Co. (Engineers) P. Ltd. due to substantial unpaid loans totaling over Rs. 17 crores and Rs. 60 lakhs, respectively. The company's defense citing the avian flu outbreak impacting its business was deemed insufficient, with the court appointing the Official Liquidator as Provisional Liquidator to seize assets. Despite partial payment attempts, the court found no valid defense for the debts, leading to the company's winding up, with a two-week appeal window granted. Case-Laws Companies Law Mon, 01 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214973