https://www.taxtmi.com/caselaws?id=275492 The court admitted the petition for winding up of the respondent company under sections 433, 434, and 439 of the Companies Act due to non-payment issues. Despite the respondent company's efforts to secure financing and potentially revive the company, the court noted its financial distress, lack of response to legal notices, and concerns raised by the petitioner regarding selective payments to creditors and potential disposal of assets. The court deferred the advertisement order to allow the respondent company one more opportunity to address the financial situation, with further consideration scheduled for a specific date. en-us Mon, 19 Jun 2017 00:00:00 +0530 Fri, 05 Oct 2018 07:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275492 The court admitted the petition for winding up of the respondent company under sections 433, 434, and 439 of the Companies Act due to non-payment issues. Despite the respondent company's efforts to secure financing and potentially revive the company, the court noted its financial distress, lack of response to legal notices, and concerns raised by the petitioner regarding selective payments to creditors and potential disposal of assets. The court deferred the advertisement order to allow the respondent company one more opportunity to address the financial situation, with further consideration scheduled for a specific date. Case-Laws Companies Law Mon, 19 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275492