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Bombay High Court Upholds Winding Up of Bassein Metals Private Limited for Non-Payment of Admitted Debts Despite Decree and Demand Promissory Note, Emphasising “It is Better to Bury a Company with No Assets Than Let It Default Further”
Court’s Decision The Bombay High Court dismissed the appeal filed by Bassein Metals Private Limited against the winding-up order dated 11 October 2007. The Court upheld the winding-up under Section…
