https://www.taxtmi.com/caselaws?id=459095 The Court granted the petition for the dissolution of the Company under Section 497(6) of the Companies Act, 1956, following the voluntary liquidation process. The Company had declared solvency and completed all necessary filings and notifications. Despite an unresolved income tax return for the Assessment Year 2018-19, an indemnity bond from the holding company was provided to cover potential future demands. The Official Liquidator confirmed the non-prejudicial conduct of the Company's affairs. Consequently, the Court ordered the winding up and dissolution of the Company effective from 24th December, 2020, and directed the Official Liquidator to file the order with the Registrar of Companies. en-us Thu, 07 Jan 2021 00:00:00 +0530 Sat, 30 Nov 2024 08:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459095 The Court granted the petition for the dissolution of the Company under Section 497(6) of the Companies Act, 1956, following the voluntary liquidation process. The Company had declared solvency and completed all necessary filings and notifications. Despite an unresolved income tax return for the Assessment Year 2018-19, an indemnity bond from the holding company was provided to cover potential future demands. The Official Liquidator confirmed the non-prejudicial conduct of the Company's affairs. Consequently, the Court ordered the winding up and dissolution of the Company effective from 24th December, 2020, and directed the Official Liquidator to file the order with the Registrar of Companies. Case-Laws Companies Law Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459095