TMI BlogPermanent stay of winding up proceedings - Company failed to pay the debts - going concert - BIFR...Permanent stay of winding up proceedings - Company failed to pay the debts - going concert - BIFR sanctioned the scheme of revival - This court cannot lose sight of the settled legal position that winding up should be resorted to as the last resort after exhausting all remedies. In the facts of this case and especially considering the fact that the Company is operating as a going concern, it is not in the interest of justice to direct winding up of the company. It is worth noting that a large su..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
