https://www.taxtmi.com/caselaws?id=197390 The appeal challenged the dismissal of the winding-up petition filed by the company under the Companies Act, 1956. The court held that there was no conflict between the Companies Act and the Industrial Disputes Act and allowed the appeal, setting aside the Single Judge's decision. The company was ordered to be wound up due to its financial incapacity and inability to pay debts, with the Official Liquidator appointed as the Provisional Liquidator. The court emphasized the just and equitable nature of the winding-up given the company's dire financial situation and lack of prospects for revival. en-us Wed, 05 Sep 1990 00:00:00 +0530 Fri, 05 Jan 2018 12:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197390 The appeal challenged the dismissal of the winding-up petition filed by the company under the Companies Act, 1956. The court held that there was no conflict between the Companies Act and the Industrial Disputes Act and allowed the appeal, setting aside the Single Judge's decision. The company was ordered to be wound up due to its financial incapacity and inability to pay debts, with the Official Liquidator appointed as the Provisional Liquidator. The court emphasized the just and equitable nature of the winding-up given the company's dire financial situation and lack of prospects for revival. Case-Laws Indian Laws Wed, 05 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197390