https://www.taxtmi.com/caselaws?id=274387 The court found that the Narasaraopet Electric Corporation Ltd. had ceased operations after a government takeover in 1951, as its main object of supplying electrical energy was no longer pursued. Due to the disappearance of the company's substratum, it was deemed just and equitable to wind up the company. Relying on legal principles and precedents, the court ordered the winding up of the company, appointing an official liquidator to manage its assets. The petitioners were instructed to file the winding-up order with the Registrar within 30 days, with costs to be covered by the company's estate. en-us Wed, 26 Aug 1970 00:00:00 +0530 Fri, 10 Aug 2018 16:47:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274387 The court found that the Narasaraopet Electric Corporation Ltd. had ceased operations after a government takeover in 1951, as its main object of supplying electrical energy was no longer pursued. Due to the disappearance of the company's substratum, it was deemed just and equitable to wind up the company. Relying on legal principles and precedents, the court ordered the winding up of the company, appointing an official liquidator to manage its assets. The petitioners were instructed to file the winding-up order with the Registrar within 30 days, with costs to be covered by the company's estate. Case-Laws Companies Law Wed, 26 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274387