https://www.taxtmi.com/caselaws?id=303798 The court dismissed the winding-up petition against the respondent company, finding the company had defaulted on payments to the petitioner. The court rejected the respondent's arguments against winding up, directing the winding up of the company and instructing the petitioner to publish the notice accordingly. Additionally, the court dismissed applications seeking the dismissal of the winding-up petition and a stay of order, noting the respondent's inability to pay dues. The court also disposed of an application for the appointment of an Official Liquidator as a Provisional Liquidator, focusing on the examination of dissipation of company assets and potential liability of the managing director. en-us Thu, 27 Mar 2014 00:00:00 +0530 Mon, 15 Aug 2022 14:08:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303798 The court dismissed the winding-up petition against the respondent company, finding the company had defaulted on payments to the petitioner. The court rejected the respondent's arguments against winding up, directing the winding up of the company and instructing the petitioner to publish the notice accordingly. Additionally, the court dismissed applications seeking the dismissal of the winding-up petition and a stay of order, noting the respondent's inability to pay dues. The court also disposed of an application for the appointment of an Official Liquidator as a Provisional Liquidator, focusing on the examination of dissipation of company assets and potential liability of the managing director. Case-Laws Companies Law Thu, 27 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303798