https://www.taxtmi.com/caselaws?id=196652 The court admitted the winding up petition against the respondent-company for non-payment of dues, amounting to approximately Rs. 2.9 crores. Despite settlement talks and the respondent's demonstration of restructuring efforts, including a Techno-Economic Viability Report, the court found insufficient progress in repaying the debt. Consequently, the court directed the advertisement of the winding up petition in newspapers and deferred the appointment of a provisional liquidator to allow for further revival talks or settlement proposals. en-us Thu, 12 Dec 2013 00:00:00 +0530 Mon, 11 Dec 2017 14:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196652 The court admitted the winding up petition against the respondent-company for non-payment of dues, amounting to approximately Rs. 2.9 crores. Despite settlement talks and the respondent's demonstration of restructuring efforts, including a Techno-Economic Viability Report, the court found insufficient progress in repaying the debt. Consequently, the court directed the advertisement of the winding up petition in newspapers and deferred the appointment of a provisional liquidator to allow for further revival talks or settlement proposals. Case-Laws Companies Law Thu, 12 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196652