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Companies Law - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Winding up petition - outstanding dues to the petitioner - If ...


Winding-Up Petition Filed Over Unpaid Dues; Respondent's Inaction with State Government May Lead to Serious Consequences.

July 11, 2015

Case Laws     Companies Law     HC

Winding up petition - outstanding dues to the petitioner - If the respondent is unable to persuade its purported mentor, namely, the State Government concerned, it is bound to suffer the peril of the consequence of non-payment of the admitted debt - HC

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