https://www.taxtmi.com/caselaws?id=367348 The High Court admitted the winding up petition and issued advertisements after the company failed to pay the admitted sum, leading to the appearance of supporting creditors. The Court found uncertainties in the company's financial position and discrepancies in its asset lists, directing the company to provide further details. Due to concerns about asset transfer and creditor protection, the Court restrained the company from dealing with its assets and appointed the Official Liquidator as the Provisional Liquidator to prepare an inventory of assets. Further proceedings were scheduled for 28th September, 2018. en-us Fri, 07 Sep 2018 00:00:00 +0530 Wed, 19 Sep 2018 07:50:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367348 The High Court admitted the winding up petition and issued advertisements after the company failed to pay the admitted sum, leading to the appearance of supporting creditors. The Court found uncertainties in the company's financial position and discrepancies in its asset lists, directing the company to provide further details. Due to concerns about asset transfer and creditor protection, the Court restrained the company from dealing with its assets and appointed the Official Liquidator as the Provisional Liquidator to prepare an inventory of assets. Further proceedings were scheduled for 28th September, 2018. Case-Laws Companies Law Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367348