https://www.taxtmi.com/caselaws?id=752889 Delhi HC held that winding up proceedings against an unregistered foreign company for non-payment of outstanding dues are maintainable under Section 583 of Companies Act, 1956. The court found the respondent company unable to pay debts, making winding up proceedings valid. Since the petition was at nascent stage without substantive orders, proceedings were transferred to NCLT following SC precedent in Action Ispat case. The petition was disposed of with transfer to NCLT. en-us Fri, 17 May 2024 00:00:00 +0530 Mon, 20 May 2024 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752889 Delhi HC held that winding up proceedings against an unregistered foreign company for non-payment of outstanding dues are maintainable under Section 583 of Companies Act, 1956. The court found the respondent company unable to pay debts, making winding up proceedings valid. Since the petition was at nascent stage without substantive orders, proceedings were transferred to NCLT following SC precedent in Action Ispat case. The petition was disposed of with transfer to NCLT. Case-Laws Companies Law Fri, 17 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752889