https://www.taxtmi.com/caselaws?id=366064 The Tribunal ordered the winding-up of M/s. MOD Serap Industries Private Limited based on a petition filed by Mr. Sumit Gupta, citing just and equitable grounds under Section 271(e) of the Companies Act, 2013. The decision was influenced by the company's management deadlock, non-compliance with statutory requirements, lack of business activity, and historical non-functioning state. Despite no objections from the RoC and past orders indicating asset liquidation and creditor settlement, the Tribunal found the company's situation warranted winding-up. No liquidator was appointed, and the Petitioner was tasked with updating the RoC within 30 days for further actions to conclude the process. en-us Mon, 02 Jul 2018 00:00:00 +0530 Wed, 29 Aug 2018 06:34:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366064 The Tribunal ordered the winding-up of M/s. MOD Serap Industries Private Limited based on a petition filed by Mr. Sumit Gupta, citing just and equitable grounds under Section 271(e) of the Companies Act, 2013. The decision was influenced by the company's management deadlock, non-compliance with statutory requirements, lack of business activity, and historical non-functioning state. Despite no objections from the RoC and past orders indicating asset liquidation and creditor settlement, the Tribunal found the company's situation warranted winding-up. No liquidator was appointed, and the Petitioner was tasked with updating the RoC within 30 days for further actions to conclude the process. Case-Laws Companies Law Mon, 02 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366064