https://www.taxtmi.com/caselaws?id=418766 The Tribunal granted the petition for winding-up under Sections 272(1)(a) and 271(a) of the Companies Act, 2013. The company, facing financial difficulties and ceased operations since 2014, had eroded net worth and liabilities surpassing assets. With unanimous support from the Board and shareholders, the Tribunal appointed a provisional liquidator as the Company Liquidator to oversee the winding-up process. The decision mandated compliance with the Companies Act, 2013, formation of a winding-up committee, and cessation of legal actions against the company. The application was allowed, and relevant parties were informed of the decision. en-us Fri, 28 Jan 2022 00:00:00 +0530 Thu, 24 Feb 2022 07:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418766 The Tribunal granted the petition for winding-up under Sections 272(1)(a) and 271(a) of the Companies Act, 2013. The company, facing financial difficulties and ceased operations since 2014, had eroded net worth and liabilities surpassing assets. With unanimous support from the Board and shareholders, the Tribunal appointed a provisional liquidator as the Company Liquidator to oversee the winding-up process. The decision mandated compliance with the Companies Act, 2013, formation of a winding-up committee, and cessation of legal actions against the company. The application was allowed, and relevant parties were informed of the decision. Case-Laws Companies Law Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418766