https://www.taxtmi.com/caselaws?id=446638 The HC set aside a lower court order that transferred winding up proceedings to NCLT under Section 434(1)(c) of the Companies Act. The court found no credible hope of company revival and determined that speedy liquidation would serve all stakeholders' interests better than tribunal proceedings. The HC directed that winding up proceedings be conducted and concluded expeditiously by the court rather than being transferred to NCLT. en-us Thu, 07 Dec 2023 00:00:00 +0530 Fri, 08 Dec 2023 08:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446638 The HC set aside a lower court order that transferred winding up proceedings to NCLT under Section 434(1)(c) of the Companies Act. The court found no credible hope of company revival and determined that speedy liquidation would serve all stakeholders' interests better than tribunal proceedings. The HC directed that winding up proceedings be conducted and concluded expeditiously by the court rather than being transferred to NCLT. Case-Laws Companies Law Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446638