Petition for Winding Up Company Denied; Case Transferred to NCLT Amid Insolvency Proceedings and Lack of Orders. https://www.taxtmi.com/highlights?id=74754 Seeking winding up of the respondent company - inability to pay debts - disobedience of the orders of the Court - The court found the winding-up proceedings to be premature and transferred them to the NCLT due to the existence of parallel insolvency proceedings and the absence of substantive orders. en-us Fri, 09 Feb 2024 07:20:44 +0530 Fri, 09 Feb 2024 07:20:44 +0530 TaxTMI RSS Generator Petition for Winding Up Company Denied; Case Transferred to NCLT Amid Insolvency Proceedings and Lack of Orders. https://www.taxtmi.com/highlights?id=74754 Seeking winding up of the respondent company - inability to pay debts - disobedience of the orders of the Court - The court found the winding-up proceedings to be premature and transferred them to the NCLT due to the existence of parallel insolvency proceedings and the absence of substantive orders. Highlights Companies Law Fri, 09 Feb 2024 07:20:44 +0530 https://www.taxtmi.com/highlights?id=74754