https://www.taxtmi.com/caselaws?id=407020 The Tribunal granted the winding up petition under Section 271(d) of the Companies Act, 2013 due to the company's inactivity and non-compliance with statutory requirements. The respondent's expenses for maintaining company assets were acknowledged, allowing compensation upon asset disposal. Section 248 clarified the Tribunal's authority to proceed with winding up despite the company's removal from the Register. A Provisional Liquidator was appointed to manage the winding up process, with directives for asset control and reporting. The order, dated April 9, 2021, outlined cooperation requirements and reporting procedures for all involved parties. en-us Fri, 09 Apr 2021 00:00:00 +0530 Tue, 29 Jun 2021 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407020 The Tribunal granted the winding up petition under Section 271(d) of the Companies Act, 2013 due to the company's inactivity and non-compliance with statutory requirements. The respondent's expenses for maintaining company assets were acknowledged, allowing compensation upon asset disposal. Section 248 clarified the Tribunal's authority to proceed with winding up despite the company's removal from the Register. A Provisional Liquidator was appointed to manage the winding up process, with directives for asset control and reporting. The order, dated April 9, 2021, outlined cooperation requirements and reporting procedures for all involved parties. Case-Laws Companies Law Fri, 09 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407020