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HC Vacates Stay on Winding Up of Swadeshi Mills Company
Hindustan Times Navi Mumbai
|January 23, 2025
The Bombay high court has lifted the stay on the winding up of 120-year-old defunct Swadeshi Mills Company Limited, a 48 acres Sion prime property, and directed the Official Liquidator to immediately take control of the company's assets, which were reportedly under the management of two Shapoorji Pallonji Group firms, a real estate company.
MUMBAI:
An Official Liquidator is an officer appointed by the Central Government to oversee the winding up of a company. They are attached to High Courts and are responsible for carrying out the duties outlined in the Companies Act.
Cette histoire est tirée de l'édition January 23, 2025 de Hindustan Times Navi Mumbai.
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