https://www.taxtmi.com/caselaws?id=407975 The Tribunal allowed the Company Petition, ordering the winding up of the company due to the complete loss of its substratum and the inability to restart business activities. Ms. Chhaya Gupta was appointed as the Company Liquidator with directions to provide an exit option to public shareholders, comply with SEBI regulations, and constitute a winding-up committee. No legal proceedings could commence against the company without the Tribunal's leave. The order also discharged the company's officers, employees, and workmen, who were instructed to cooperate with the Liquidator. en-us Fri, 23 Apr 2021 00:00:00 +0530 Fri, 28 May 2021 08:38:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407975 The Tribunal allowed the Company Petition, ordering the winding up of the company due to the complete loss of its substratum and the inability to restart business activities. Ms. Chhaya Gupta was appointed as the Company Liquidator with directions to provide an exit option to public shareholders, comply with SEBI regulations, and constitute a winding-up committee. No legal proceedings could commence against the company without the Tribunal's leave. The order also discharged the company's officers, employees, and workmen, who were instructed to cooperate with the Liquidator. Case-Laws Companies Law Fri, 23 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407975