2003 (2) TMI 341 - HC - Companies Law

Summary

The High Court of Gauhati ordered the winding up of M/s. Barua and Barua Drugs Private Limited due to failure to commence business since its incorporation in 1992. Both petitioners and respondent No. 2, as promoters, were held responsible for this failure. No shares were subscribed, no meetings held, and no statutory returns filed. Registrar of Companies to take necessary action.