9911796707
TMI Blog1973 (1) TMI 48X X X X Extracts X X X X X X X X Extracts X X X X ..... e Companies Act, 1956, has been filed by the Registrar of Companies, Bihar, for winding up of the opposite party-company, Cinco Laboratories Private Ltd., Patna. The necessary sanction under section 439(5) of the Companies Act for filing of this application of the Central Government has been obtained and it forms annexure "1" to the petition. The necessary facts in support of the prayer for the wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ised on behalf of the Registrar that the balance-sheets of 1964 to 1969 could not be looked into because necessary additional fees chargeable on them because of their late filing had not been paid by the company. So far as the balance-sheet of 1970 was concerned, there was no dispute that it had been filed in time, and, as such, it could be referred to. Accepting this objection, the company has si ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is fact is taken into consideration, it will appear that the company has no profit, even according to its latest balance-sheet of 1970. On this his request is that the company still deserves to be wound up because it is to be treated as being incapable of paying its debts. After having carefully considered all the facts and circumstances of the case, I am inclined to think that the company does ..... X X X X Extracts X X X X X X X X Extracts X X X X
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