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2022 (2) TMI 1017 - NATIONAL COMPANY LAW TRIBUNAL , AHMEDABAD BENCHWinding up of Company - Section 272(1)(a) and Section 271(a) of the Companies Act, 2013, read with Rule 2 of The Companies (Winding-UP) Rules, 2020 - HELD THAT:- No objections are received from the ROC and the report of the Income Tax department shows total outstanding demand for assessment year 2014-15 is ₹ 68,55,179/-. In the present case, it is an accepted position that the petitioner company is not engaged in any business from the year 2014. And the current liabilities of the company exceed its current assets and the net worth of the business has eroded as a result. These facts are not controverted by anyone. In consideration of all the facts and circumstances of the case, this is a fit case to wind-up the company under section 271(a) & 272(1)(a) of the Companies Act, 2013 read with the Companies (Winding-up) Rules, 2020 - petition admitted.
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