https://www.taxtmi.com/caselaws?id=381141 The court admitted the winding up petition under the Companies Act, 1956, due to the respondent company's unpaid dues of Rs. 9,77,271. The court found the petitioner's claim valid as the respondent failed to respond to the statutory notice, indicating indebtedness. The Official Liquidator was appointed as the Provisional Liquidator to manage the respondent's assets. A four-week suspension was granted for the respondent to settle the dues, with potential revocation upon payment. The court directed the publication of citations, seizure of bank accounts, and preparation of asset inventories to safeguard the respondent's assets pending settlement. en-us Mon, 06 May 2019 00:00:00 +0530 Wed, 05 Jun 2019 09:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381141 The court admitted the winding up petition under the Companies Act, 1956, due to the respondent company's unpaid dues of Rs. 9,77,271. The court found the petitioner's claim valid as the respondent failed to respond to the statutory notice, indicating indebtedness. The Official Liquidator was appointed as the Provisional Liquidator to manage the respondent's assets. A four-week suspension was granted for the respondent to settle the dues, with potential revocation upon payment. The court directed the publication of citations, seizure of bank accounts, and preparation of asset inventories to safeguard the respondent's assets pending settlement. Case-Laws Companies Law Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381141