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<h1>Official liquidator's petition dismissed in company winding-up order due to lack of evidence of fraud or misfeasance.</h1> The High Court dismissed the petition by the official liquidator against shareholders of a company in a winding-up order. No evidence of fraud or ... Winding up – Liability for fraudulent conduct of business The High Court dismissed the petition filed by the official liquidator against the respondents, who were shareholders of a company ordered to be wound up. The court found no evidence of fraud or misfeasance by the respondents in relation to the company's affairs. No creditors came forward to claim any amount due from the company. The petition was dismissed with no order as to costs. (Citation: 1991 (9) TMI 301 - HIGH COURT OF PUNJAB AND HARYANA)
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