https://www.taxtmi.com/caselaws?id=399720 The Tribunal concluded that the Company was conducting fraudulent activities by running a Ponzi scheme under the guise of providing travel services. The Company misused public funds, failed to deliver promised services, and violated various provisions of the Companies Act, 2013. Consequently, the Tribunal ordered the winding up of the Company, appointed an Official Liquidator, and directed the directors and staff to cooperate with the Liquidator. The final order incorporated the interim orders freezing the Company's bank accounts, with the decision made without prejudice to actions by other statutory authorities. en-us Thu, 23 Apr 2020 00:00:00 +0530 Fri, 16 Oct 2020 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399720 The Tribunal concluded that the Company was conducting fraudulent activities by running a Ponzi scheme under the guise of providing travel services. The Company misused public funds, failed to deliver promised services, and violated various provisions of the Companies Act, 2013. Consequently, the Tribunal ordered the winding up of the Company, appointed an Official Liquidator, and directed the directors and staff to cooperate with the Liquidator. The final order incorporated the interim orders freezing the Company's bank accounts, with the decision made without prejudice to actions by other statutory authorities. Case-Laws Companies Law Thu, 23 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399720