https://www.taxtmi.com/caselaws?id=194213 The Karnataka High Court ordered the winding up of Kingfisher Airlines Limited (KFA Ltd.) under Sections 433(e) and (f) read with 439 of the Companies Act, 1956, due to its failure to pay admitted debts. The court found KFA Ltd. commercially insolvent, dismissed its defenses as unsubstantial, and appointed the Official Liquidator to oversee the winding-up process. en-us Fri, 18 Nov 2016 00:00:00 +0530 Fri, 01 Sep 2017 07:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194213 The Karnataka High Court ordered the winding up of Kingfisher Airlines Limited (KFA Ltd.) under Sections 433(e) and (f) read with 439 of the Companies Act, 1956, due to its failure to pay admitted debts. The court found KFA Ltd. commercially insolvent, dismissed its defenses as unsubstantial, and appointed the Official Liquidator to oversee the winding-up process. Case-Laws Indian Laws Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194213