NCLT Mumbai orders winding up of Accommodation Times Private Limited under Section 271(d) of Companies Act 2013 due to default in filing financial statements for five consecutive years.
Tribunal cites complete deadlock between only two shareholders/directors, loss of mutual trust, and company's non-operational status since 2019 as just and equitable grounds for liquidation.
Mr. Hemant J Mehta (IBBI/IPA-001/IP-P00027/2016-2017/10060) appointed as Liquidator with specific directions for publication, creditor notices, and compliance reporting.
Interlocutory Application IA No.250/MB/2025 seeking asset protection becomes infructuous and is disposed of following the winding up order.