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2014 (11) TMI 1160 - HC - Companies LawWinding up petition - Held that:- The Company is unable to pay its debts and deserves to be wound up. The above Company Petition is, therefore, allowed in terms of prayer clause (a) and (b), which are reproduced hereunder : “(a) that the Respondent Company, i.e. M/s. Indo Bonito Multinational Ltd., be ordered to be wound up by an order of this Hon'ble Court. (b) that the Official Liquidator, High Court, Bombay be appointed as Liquidator of the Respondent Company with all powers under the Companies Act, 1956 including the power to take possession of all the assets, books of account, stock in trade, cash on hand, movable properties including future and fixtures as well as all immovable properties of the Respondent Company".
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