https://www.taxtmi.com/caselaws?id=402068 Statutory winding up was considered appropriate where the petition was supported by the Government's closure decision and a valid special resolution of members; the Tribunal treated the petition as bona fide and ordered winding up under the Companies Act, 2013. A proposed advocate who had previously acted for the company was found unsuitable for appointment as Company Liquidator because that prior engagement created a conflict of interest, so an independent insolvency professional was appointed instead to carry forward the liquidation process. en-us Wed, 16 Dec 2020 00:00:00 +0530 Tue, 22 Dec 2020 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402068 Statutory winding up was considered appropriate where the petition was supported by the Government's closure decision and a valid special resolution of members; the Tribunal treated the petition as bona fide and ordered winding up under the Companies Act, 2013. A proposed advocate who had previously acted for the company was found unsuitable for appointment as Company Liquidator because that prior engagement created a conflict of interest, so an independent insolvency professional was appointed instead to carry forward the liquidation process. Case-Laws Companies Law Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402068