M/S Calcutta Jute Manufacturing Company Ltd. v. M/S Elder Pharmaceuticals Ltd. Cin No. L24239MH1983PLC029714
Case brief
What is this about?
The court wound up Elder Pharmaceuticals Ltd. after a commissioner report deemed continuing operations unviable to avoid further losses. The reference to a pending strategic investor being refused, and related petitions disposed by operation of law.
What did the court decide?
Company to be wound up; Official Liquidator appointed; assets, properties, income and books of accounts ordered under section of Companies Act, 2013.