HC ordered winding up of Co. as it failed to pay salary to its CEO after losing its commercial subst

CL : Where even after publishing date of final hearing and notice having been served respondent-company had not responded to same, respondent company was not a going concern and had lost its commercial substratum which lead to only one conclusion that respondent company was not in a position to pay dues of petitioner employee and, therefore, respondent company was to be wound up