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Companies Law - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Winding up order - The Company was non-functional, it had ...

Companies Law

August 27, 2020

Winding up order - The Company was non-functional, it had already given its premises on rent and it was the only income of the Company. Therefore, we find that the Tribunal came to a definite conclusion of ‘oppression and mismanagement’ of the Company and ‘oppression’ of the Member - if the NCLT has ordered for winding-up of the Company, no interference is called for - AT

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