Circumstances in which company may be wound up by Tribunal

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....on, resolved that the company be wound up by the Tribunal; (b) if the company has acted against the interests of the sovereignty and integrity of India, the security of the State, friendly relations with foreign States, public order, decency or morality; (c) if on an application made by the Registrar or any other person authorised by the Central Government by notification under t....

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....e Insolvency and Bankruptcy Code, 2016 w.e.f. 15-11-2016 (Notified vide Notification No. S.O. 3453(E) dated 15-11-2016) before it was read as, "Circumstances in which company may be wound up by Tribunal 271. (1) A company may, on a petition under section 272, be wound up by the Tribunal,- (a) if the company is unable to pay its debts; (b) if the c....

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....easance or misconduct in connection therewith and that it is proper that the company be wound up; (f) if the company has made a default in filing with the Registrar its financial statements or annual returns for immediately preceding five consecutive financial years; or (g) if the Tribunal is of the opinion that it is just and equitable that the company should be wound up. ....