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Strong financial no ground to reject winding up petition filed against company defaulting in payments
Case Law Details
- Case Name
- Baader Beteiligungs GMBH Vs Parsoli Motor Works (P.) Ltd. (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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HIGH COURT OF GUJARAT
Baader Beteiligungs GMBH
v/s.
Parsoli Motor Works (P.) Ltd.
CO. PETITION NO. 154 OF 2010
CO. APPLICATION NO. 406 OF 2011
Date of Pronouncement – 18.06.2012
ORDER
1. The petitioner has taken out present petition under Section 433 (e) and (f), Section 434 and Section 439 (1)(b) of Companies Act, 1956 (hereinafter referred to as ‘the Act’). The petitioner has alleged, inter alia, that the respondent Company has despite repeated reminders and even after statutory notice failed and neglected to discharge its financial liabilities and obligati...
