https://www.taxtmi.com/caselaws?id=214980 A company was found liable to be wound up where its objects had substantially failed, management had broken down into deadlock, and continued existence served no useful purpose. The Court relied on long cessation of business, absence of effective corporate management, failure to file annual returns and balance sheets, unresolved liabilities, and an admitted special resolution for winding up. On that record, it treated the company as effectively closed for years with no surviving business activity or functioning administration, and held that winding up was appropriate in the interests of justice and public interest. en-us Thu, 08 Sep 2011 00:00:00 +0530 Tue, 19 Jun 2012 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214980 A company was found liable to be wound up where its objects had substantially failed, management had broken down into deadlock, and continued existence served no useful purpose. The Court relied on long cessation of business, absence of effective corporate management, failure to file annual returns and balance sheets, unresolved liabilities, and an admitted special resolution for winding up. On that record, it treated the company as effectively closed for years with no surviving business activity or functioning administration, and held that winding up was appropriate in the interests of justice and public interest. Case-Laws Companies Law Thu, 08 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214980