Company Closure in Vadapalani - Filingpoint


Welcome to Filingpoint Online  Company Closure Expert +91 72999 72500

Filingpoint The process of a business closing down is known as company winding up and it involves the appointment of a liquidator. This is usually required when the company is in financial difficulty and cannot repay its debts. The process is a complex one, and expert consultation should be sought to ensure that it is carried out correctly. This can help prevent legal disputes and penalties in the future.

There are many reasons why a business may close down. These can include financial difficulties, regulatory challenges, or a change in market conditions. It is also common for companies to shut down due to the retirement of their owners, or a desire to redirect their resources into more promising ventures.

CHENNAI: A Tasmac liquor shop in Nerkundram Pathai in Vadapalani has been ordered by the Madras high court to close down with immediate effect. The court said the shop was causing nuisance and hardship to residents.

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