https://www.taxtmi.com/caselaws?id=345947 The Delhi High Court ruled in favor of the petitioner, a corporate trustee, in a case involving enforcement of corporate trustee services for bond-holders and default in payment by the respondent company for convertible bonds. The court found the respondent company in financial distress and ordered winding up proceedings, appointing the Official Liquidator as the Provisional Liquidator. The court emphasized the seriousness of the financial situation, restraining the respondent from disposing of assets without permission and directing the takeover of assets. en-us Fri, 28 Jul 2017 00:00:00 +0530 Tue, 01 Aug 2017 09:04:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345947 The Delhi High Court ruled in favor of the petitioner, a corporate trustee, in a case involving enforcement of corporate trustee services for bond-holders and default in payment by the respondent company for convertible bonds. The court found the respondent company in financial distress and ordered winding up proceedings, appointing the Official Liquidator as the Provisional Liquidator. The court emphasized the seriousness of the financial situation, restraining the respondent from disposing of assets without permission and directing the takeover of assets. Case-Laws Companies Law Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345947