https://www.taxtmi.com/caselaws?id=459442 Gujarat HC ordered winding up of respondent company under sections 433, 434 and 439 of Companies Act, 1956 on grounds of inability to pay debts. Court found company had no means or capacity to pay petitioner's debt and lacked bona fide defence. Company had lost its substratum, making winding up appropriate. Official Liquidator attached to HC was appointed as Official Liquidator. Petition allowed. en-us Wed, 03 Sep 2014 00:00:00 +0530 Fri, 13 Dec 2024 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459442 Gujarat HC ordered winding up of respondent company under sections 433, 434 and 439 of Companies Act, 1956 on grounds of inability to pay debts. Court found company had no means or capacity to pay petitioner's debt and lacked bona fide defence. Company had lost its substratum, making winding up appropriate. Official Liquidator attached to HC was appointed as Official Liquidator. Petition allowed. Case-Laws Companies Law Wed, 03 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459442