https://www.taxtmi.com/caselaws?id=259611 The court concluded that the Company was unable to pay its debts and had raised false and dishonest defenses. The petition was admitted, and the Company was directed to advertise the petition in specified newspapers and the Maharashtra Government Gazette. The Directors were restrained from disposing of any fixed assets without court permission. en-us Mon, 22 Dec 2014 00:00:00 +0530 Fri, 15 May 2015 08:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259611 The court concluded that the Company was unable to pay its debts and had raised false and dishonest defenses. The petition was admitted, and the Company was directed to advertise the petition in specified newspapers and the Maharashtra Government Gazette. The Directors were restrained from disposing of any fixed assets without court permission. Case-Laws Companies Law Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259611