Winding up petition can be admitted In case of fraudulent sale of company assets by promoters & negligible chances of continuance of business in future

HIGH COURT OF CALCUTTA Dunlop India Ltd., In re SANJIB BANERJEE, J. CA Nos. 198, 609 & 765 of 2012 & others CP Nos. 233 of 2008 & others Date of pronouncement: 31.01.2013 ORDER Sanjib Banerjee, J. – The wheel appears to have turned full circle for this industrial giant of a company whose name was once synonymous with automobile tyres. Dunlop India Limited today stands on the brink, its two manufacturing facilities not having functioned for years and its workers and employees imploring for their dues to come out of the assets of the company upon the company be...