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2015 (1) TMI 1414 - PUNJAB & HARYANA HIGH COURTWinding up of the company - Section 20(1) of the Sick Industrial Companies (Special Provisions) Act, 1985 - Held that:- Since, none of the secured creditors objected to winding up of the company, namely, M/s Electronic System Punjab Limited, the recommendation made by BIFR is hereby accepted - Accordingly, the company, namely, M/s Electronic System Punjab Limited is ordered to be wound up. The Official Liquidator is appointed as Liquidator of the company and he is directed to take over the charge of the records, moveable and immovable assets of the company. Let notice of the winding up be published in the newspapers namely, 'Indian Express' (English) and 'Dainik Bhaskar' (Hindi) both Punjab editions and in the Official Gazette of Government of Punjab.
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