https://www.taxtmi.com/caselaws?id=258315 The court granted the petition for winding up the respondent-company under section 433(e) and (f) of the Companies Act due to non-payment of dues despite admission by the respondent. The court found the respondent's admission of owing money to multiple creditors, including the petitioner, and its inability to settle debts as grounds for winding up. The Official Liquidator was directed to take charge of assets, and the petitioner was instructed to deposit provisional costs. The court ordered the publication of the winding-up petition in designated newspapers and filing of the order with the Registrar of Companies within a specified period. en-us Thu, 07 Aug 2014 00:00:00 +0530 Mon, 06 Apr 2015 08:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258315 The court granted the petition for winding up the respondent-company under section 433(e) and (f) of the Companies Act due to non-payment of dues despite admission by the respondent. The court found the respondent's admission of owing money to multiple creditors, including the petitioner, and its inability to settle debts as grounds for winding up. The Official Liquidator was directed to take charge of assets, and the petitioner was instructed to deposit provisional costs. The court ordered the publication of the winding-up petition in designated newspapers and filing of the order with the Registrar of Companies within a specified period. Case-Laws Companies Law Thu, 07 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258315