Co. lost its substratum after quashing of 2G license by Supreme Court was ordered for winding-up

CL : Where company had lost its substratum on account of quashing of 2G licenses by Supreme Court and there was complete lack of faith and probity resulting in irretrievable breakdown between major shareholders of company and liabilities of company had far exceeded its assets, it was just and equitable to wind up company under section 433(f)