https://www.taxtmi.com/caselaws?id=275397 The Court allowed the winding-up application against the company due to its failure to pay monthly instalments as per the consent order. Despite initial payments, the company did not pay the balance instalments, leading to the Court's conclusion of the company's inability to pay its debt under the Companies Act, 1956. Consequently, the Court ordered the Official Liquidator to take possession of all company assets and properties, including its business operations. en-us Thu, 07 Jun 2018 00:00:00 +0530 Tue, 18 Apr 2023 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275397 The Court allowed the winding-up application against the company due to its failure to pay monthly instalments as per the consent order. Despite initial payments, the company did not pay the balance instalments, leading to the Court's conclusion of the company's inability to pay its debt under the Companies Act, 1956. Consequently, the Court ordered the Official Liquidator to take possession of all company assets and properties, including its business operations. Case-Laws Companies Law Thu, 07 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275397