https://www.taxtmi.com/caselaws?id=297154 The court allowed the winding-up petition against the respondent company due to unpaid debts and insolvency. The petitioner's claim of over Rs. 3.44 crores remained undisputed, with dishonored cheques and failed statutory notices indicating the company's financial distress. Despite proper service and lack of response from the respondent, the court deemed the notices valid. Considering the evidence presented, including publication of the petition, the court found the respondent company commercially insolvent. Pursuant to the Companies Act, 1956, the court ordered the winding up of the company and appointed the Official Liquidator to take control of its assets and records. en-us Thu, 04 Jan 2018 00:00:00 +0530 Sat, 21 Aug 2021 08:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297154 The court allowed the winding-up petition against the respondent company due to unpaid debts and insolvency. The petitioner's claim of over Rs. 3.44 crores remained undisputed, with dishonored cheques and failed statutory notices indicating the company's financial distress. Despite proper service and lack of response from the respondent, the court deemed the notices valid. Considering the evidence presented, including publication of the petition, the court found the respondent company commercially insolvent. Pursuant to the Companies Act, 1956, the court ordered the winding up of the company and appointed the Official Liquidator to take control of its assets and records. Case-Laws Companies Law Thu, 04 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297154