https://www.taxtmi.com/acts?id=12843 Tribunal discretion on winding up petitions permits dismissal, adjournment, interim orders, or winding up orders (with or without costs), and bars refusal of winding up solely because assets are mortgaged or absent. For just-and-equitable petitions the Tribunal may refuse winding up if a reasonable alternative remedy exists. For defaults in statutory reporting or meetings the Tribunal may order delivery of the report or convening of the meeting instead of winding up and may award costs against responsible persons. Winding up orders are to be communicated to the Official Liquidator and the Registrar. en-us Tue, 17 May 2011 14:33:14 +0530 Tue, 17 May 2011 14:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12843 Tribunal discretion on winding up petitions permits dismissal, adjournment, interim orders, or winding up orders (with or without costs), and bars refusal of winding up solely because assets are mortgaged or absent. For just-and-equitable petitions the Tribunal may refuse winding up if a reasonable alternative remedy exists. For defaults in statutory reporting or meetings the Tribunal may order delivery of the report or convening of the meeting instead of winding up and may award costs against responsible persons. Winding up orders are to be communicated to the Official Liquidator and the Registrar. Act-Rules Companies Law Tue, 17 May 2011 14:33:14 +0530 https://www.taxtmi.com/acts?id=12843