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2016 (3) TMI 1253 - HC - Companies LawWinding up petition - appointment of Official Liquidator - unable to pay admitted dues - Held that:- It is an admitted position that the respondent-Company is in a weak financial position and is unable to pay its admitted dues to the petitioner, this Court considers it appropriate to pass the following order : (i) Admit. (ii) The Registry is directed to notify the petition for final hearing on 03.05.2016. (iii) The admission of the petition shall be advertised in the English daily newspaper “The Times of India” and the Gujarati daily newspaper “Divya Bhaskar” (both Ahmedabad Editions). (iv) The Official Liquidator attached to this Court is appointed as the Provisional Liquidator of the respondent-Company and is directed to take over the charge and possession of the assets of the respondent-Company and to prepare an inventory of the office premises, books of accounts and all other assets of the respondent-Company, as required by law.
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