https://www.taxtmi.com/caselaws?id=197313 A revival scheme under the Companies Act was refused because the proposal was incomplete, unworkable and unsupported by bona fide prospects of implementation: the company had lost its substratum, had no buses or revived route permits, and had not properly addressed secured creditors. The earlier partial stay of winding up was recalled because its revival purpose failed, so liquidation was directed to proceed with possession of assets and records by the Official Liquidator. In the eviction dispute, repeated non-payment of rent after prior statutory protection justified eviction; lack of prior company-law leave did not defeat the proceedings, especially after transfer to the Company Court and ex post facto leave. en-us Mon, 04 Jul 2005 00:00:00 +0530 Tue, 02 Jan 2018 18:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197313 A revival scheme under the Companies Act was refused because the proposal was incomplete, unworkable and unsupported by bona fide prospects of implementation: the company had lost its substratum, had no buses or revived route permits, and had not properly addressed secured creditors. The earlier partial stay of winding up was recalled because its revival purpose failed, so liquidation was directed to proceed with possession of assets and records by the Official Liquidator. In the eviction dispute, repeated non-payment of rent after prior statutory protection justified eviction; lack of prior company-law leave did not defeat the proceedings, especially after transfer to the Company Court and ex post facto leave. Case-Laws Indian Laws Mon, 04 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197313