https://www.taxtmi.com/caselaws?id=185342 The High Court granted the petitioner's request for winding up the respondent company under Sections 433 and 434 of the Companies Act of 1956 due to outstanding dues of Rs. 65 lacs with 18% interest. Despite various court actions and the respondent's continuous non-appearance and non-compliance, the court found the respondent unable to pay its debts, leading to the decision to wind up the company. The Official Liquidator was appointed as the Liquidator with full powers to manage the winding up process. en-us Tue, 03 Nov 2015 00:00:00 +0530 Thu, 17 Nov 2016 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185342 The High Court granted the petitioner's request for winding up the respondent company under Sections 433 and 434 of the Companies Act of 1956 due to outstanding dues of Rs. 65 lacs with 18% interest. Despite various court actions and the respondent's continuous non-appearance and non-compliance, the court found the respondent unable to pay its debts, leading to the decision to wind up the company. The Official Liquidator was appointed as the Liquidator with full powers to manage the winding up process. Case-Laws Companies Law Tue, 03 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185342