https://www.taxtmi.com/caselaws?id=392892 The court granted the petition for winding up under Sections 433 and 434 of the Companies Act, 1956 against Polo Ceramics Pvt. Ltd. due to outstanding dues of Rs. 12,67,778.00, dishonored cheque, and the company's inability to pay its debts. The court appointed the Official Liquidator as the Provisional Liquidator to manage the winding-up process in accordance with the Companies Act, 1956, citing the respondent's financial incapacity to settle its obligations. en-us Wed, 05 Feb 2020 00:00:00 +0530 Mon, 02 Mar 2020 12:04:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392892 The court granted the petition for winding up under Sections 433 and 434 of the Companies Act, 1956 against Polo Ceramics Pvt. Ltd. due to outstanding dues of Rs. 12,67,778.00, dishonored cheque, and the company's inability to pay its debts. The court appointed the Official Liquidator as the Provisional Liquidator to manage the winding-up process in accordance with the Companies Act, 1956, citing the respondent's financial incapacity to settle its obligations. Case-Laws Companies Law Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392892