The Delhi High Court considered the winding up of an ...

Delhi HC: Unregistered foreign company's winding up for non-payment u/s 433(e) & (f) read with 434 & 439 of Cos Act 1956. Proceedings transferred to NCLT as per SC rulings. Petition disposed.

Case Laws Companies Law

May 21, 2024

The Delhi High Court considered the winding up of an unregistered foreign company for non-payment of outstanding dues u/s 433(e) and (f) read with Sections 434 and 439 of the Companies Act, 1956. The court found that the company's inability to pay its debts justified winding up proceedings u/s 583 of the Act. The court referenced the Supreme Court's decision in Rajah of Vizianagram case and Action Ispat case, supporting the transfer of winding up proceedings to the NCLT if at a nascent stage. Consequently, the court transferred the present winding up proceedings to the NCLT, disposing of the petition.

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The Delhi High Court considered the winding up of an ...

Delhi HC: Unregistered foreign company's winding up for non-payment u/s 433(e) & (f) read with 434 & 439 of Cos Act 1956. Proceedings transferred to NCLT as per SC rulings. Petition disposed.

Case Laws Companies Law

May 21, 2024

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