https://www.taxtmi.com/caselaws?id=358620 The court admitted the winding up petition under the Companies Act, 1956, due to the respondent's admission of debt and lack of substantial defense against the outstanding dues of Rs. 25,05,676. The court appointed the Official Liquidator as the Provisional Liquidator to oversee the winding up process, including asset valuation and protection. The respondent was given a 30-day window to settle the admitted debt, failing which the winding up process would proceed, with the order held in abeyance pending payment. en-us Wed, 04 Apr 2018 00:00:00 +0530 Mon, 16 Apr 2018 06:08:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358620 The court admitted the winding up petition under the Companies Act, 1956, due to the respondent's admission of debt and lack of substantial defense against the outstanding dues of Rs. 25,05,676. The court appointed the Official Liquidator as the Provisional Liquidator to oversee the winding up process, including asset valuation and protection. The respondent was given a 30-day window to settle the admitted debt, failing which the winding up process would proceed, with the order held in abeyance pending payment. Case-Laws Companies Law Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358620