Bombay High Court Dismisses Appeal Against Winding Up Order for Non-Compliance with Payment Schedule — Company Failed to Deposit Admitted Debt Despite Multiple Opportunities. The court upheld the admission of winding up petition and appointment of provisional liquidator under Sections 433, 434, and 450 of the Companies Act, 1956, as the company admitted liability but failed to pay as directed.
8 Feb 2012The appeal arose from an order of the Company Judge admitting a winding up petition filed by Kotak Mahindra Bank Limited against Katare Spinning Mills...




