https://www.taxtmi.com/caselaws?id=755997 Delhi HC disposed of a winding up petition filed against a company for non-payment of outstanding dues under Section 433(e) read with Section 439 of the Companies Act, 1956. The court held that since no substantive proceedings or irreversible steps had been taken toward winding up and the petition was at a nascent stage, it should be transferred to the NCLT. The HC directed the Registry to transmit electronic records to NCLT within one week and listed the matter before NCLT for appropriate consideration and orders in accordance with law. en-us Thu, 16 May 2024 00:00:00 +0530 Thu, 25 Jul 2024 08:04:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755997 Delhi HC disposed of a winding up petition filed against a company for non-payment of outstanding dues under Section 433(e) read with Section 439 of the Companies Act, 1956. The court held that since no substantive proceedings or irreversible steps had been taken toward winding up and the petition was at a nascent stage, it should be transferred to the NCLT. The HC directed the Registry to transmit electronic records to NCLT within one week and listed the matter before NCLT for appropriate consideration and orders in accordance with law. Case-Laws Companies Law Thu, 16 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755997