https://www.taxtmi.com/caselaws?id=197884 The Court allowed the company petitions under section 433(a) r/w sec. 439 of the Companies Act, 1956, leading to the winding up of company M/s BPL Net.Com Ltd. The respondent's failure to pay outstanding amounts despite legal notices, along with admitted liabilities and undisputed claims, established their inability to pay debts. The Court directed the official liquidator to take charge of the company's assets and issued specific instructions for advertisement and deposits by the petitioners. Additional orders included rejecting applications for property return and asset alienation restraint, allowing future applications post-winding up advertisement. en-us Thu, 19 Dec 2002 00:00:00 +0530 Wed, 17 Jan 2018 15:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197884 The Court allowed the company petitions under section 433(a) r/w sec. 439 of the Companies Act, 1956, leading to the winding up of company M/s BPL Net.Com Ltd. The respondent's failure to pay outstanding amounts despite legal notices, along with admitted liabilities and undisputed claims, established their inability to pay debts. The Court directed the official liquidator to take charge of the company's assets and issued specific instructions for advertisement and deposits by the petitioners. Additional orders included rejecting applications for property return and asset alienation restraint, allowing future applications post-winding up advertisement. Case-Laws Companies Law Thu, 19 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197884