Bombay High Court Allows Winding Up Petition Filed by Court Receiver for Recovery of Royalty Arrears Against Vatsa Interiors P.Ltd. Under Sections 433 and 434 of the Companies Act, 1956. The court held that the company is unable to pay its debts but granted a final opportunity to pay the principal amount in installments to avoid winding up.
11 Mar 2005The Court Receiver, High Court, Mumbai filed a company petition under Sections 433 and 434 of the Companies Act, 1956 for winding up of Vatsa Interior...




