https://www.taxtmi.com/caselaws?id=278700 Where secured creditors do not object, the court may accept BIFR's recommendation for winding up under Section 20(1) of the Sick Industrial Companies (Special Provisions) Act, 1985. On that basis, the recommendation for winding up was accepted, the company was ordered to be wound up, and the Official Liquidator was appointed to take charge of its records and assets. en-us Tue, 20 Jan 2015 00:00:00 +0530 Mon, 18 Feb 2019 06:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278700 Where secured creditors do not object, the court may accept BIFR's recommendation for winding up under Section 20(1) of the Sick Industrial Companies (Special Provisions) Act, 1985. On that basis, the recommendation for winding up was accepted, the company was ordered to be wound up, and the Official Liquidator was appointed to take charge of its records and assets. Case-Laws Companies Law Tue, 20 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278700