Trading activities of a company were stopped temporarily in view of the trade depression with an intention to continue the same when the conditions improve. A petition was preferred into the Tribunal for winding-up of the company. The petition
Explanation & Strategy
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Under the Factories Act, 'factory' means premises with 10+ workers (with power) or 20+ workers (without power) in manufacturing. The Act regulates working conditions, hours, safety, and welfare.