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of <h1>Court dismisses winding up petition under Companies Act for debt recovery, ruling petition not maintainable</h1> <h3>Gopal Krishna Sharma Versus Shahibi General Finance & Investments Ltd.</h3> The High Court of Rajasthan dismissed a winding up petition filed by an ex-director of the respondent company, ruling that the petitioner could not use ... Winding up - Circumstances in which a company may be wound up The High Court of Rajasthan dismissed a winding up petition filed by a petitioner who was an ex-director of the respondent company, stating that he cannot use the Companies Act for recovery of dues. The petition was not maintainable, and the court agreed with the preliminary objection raised by the respondent's counsels.
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