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2022 (6) TMI 1050 - Corporate Laws
Head Note / Extract:
Seeking winding up of the Respondent Company - Section 271(e) & 272 of Companies Act, 2013 - HELD THAT:- On perusing documents submitted, submissions made and pursuant to the approval granted by the Management Committee of IL & FS IIDC Fund in the capacity of shareholder of the Respondent Company along with the Board Resolution dated 22nd June, 2021 passed by IL & FS Financial Services Limited in the capacity of the unit holder of IIDC Fund and the Board resolution dated 25th June, 2021 of the new Board of IL & FS, as the parent company of IFIN and the approval of Hon’ble Justice (Retd.) D.K Jain for initiation of the winding up proceedings vide letter dated 7th July, 2021 it is deemed just and equitable that the company be wound up as prayed by the Petitioner. The order is hereby passed for winding up of the Company, Infrastructure Development Company of Nagaland Pvt. Ltd., under the provisions of Section 271 (e) of the Companies Act, 2013; with stipulated directions - application allowed.