https://www.taxtmi.com/caselaws?id=199507 The Court ordered the winding up of the respondent company under clauses (c) and (f) of section 433 of the Companies Act. The Court found that the company had not commenced any business activities since its inception, incurred significant losses, and its main object had failed. It was deemed just and equitable to wind up the company as there was no reasonable hope for profitable business continuation. The Official Liquidator was appointed to oversee the liquidation process, as the substratum of the company was considered to have disappeared. en-us Tue, 06 Sep 1960 00:00:00 +0530 Mon, 05 Mar 2018 14:36:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199507 The Court ordered the winding up of the respondent company under clauses (c) and (f) of section 433 of the Companies Act. The Court found that the company had not commenced any business activities since its inception, incurred significant losses, and its main object had failed. It was deemed just and equitable to wind up the company as there was no reasonable hope for profitable business continuation. The Official Liquidator was appointed to oversee the liquidation process, as the substratum of the company was considered to have disappeared. Case-Laws Companies Law Tue, 06 Sep 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199507