TMI BlogWinding up of sick industrial company.X X X X Extracts X X X X X X X X Extracts X X X X ..... all concerned parties, is of the opinion that the sick industrial company is not likely to make its net worth exceed the accumulated losses within a reasonable time while meeting all its financial obligations and that the company as a result thereof is not likely to become viable in future and that it is just and equitable that the company should be wound up, it may record its findings and order w ..... X X X X Extracts X X X X X X X X Extracts X X X X
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