https://www.taxtmi.com/caselaws?id=310781 The HC ordered the winding up of the respondent company due to its failure to respond to a statutory notice, leading to a presumption of its inability to pay debts under Section 434 of the Companies Act 1956. The court deemed the service of notice valid despite it being returned as "unclaimed," with an email notice successfully delivered. The company's commercial insolvency was confirmed through review of accounts and financial status. The Official Liquidator was appointed to manage the winding-up process immediately, ensuring compliance with the court's directive. en-us Thu, 25 Jan 2018 00:00:00 +0530 Thu, 16 Nov 2023 20:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310781 The HC ordered the winding up of the respondent company due to its failure to respond to a statutory notice, leading to a presumption of its inability to pay debts under Section 434 of the Companies Act 1956. The court deemed the service of notice valid despite it being returned as "unclaimed," with an email notice successfully delivered. The company's commercial insolvency was confirmed through review of accounts and financial status. The Official Liquidator was appointed to manage the winding-up process immediately, ensuring compliance with the court's directive. Case-Laws Companies Law Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310781