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Companies Law - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Winding up of company - Dues not cleared under a letter of ...


Court Emphasizes Commercial Morality Over Solvency in Winding Up Case Due to Unpaid Dues Under Guarantee.

February 1, 2014

Case Laws     Companies Law     HC

Winding up of company - Dues not cleared under a letter of guarantee - Commercial solvency of the Company is not a stand alone ground. Commercial morality and the need to instill confidence in the mind of international investors, are also matters of public interest - HC

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