https://www.taxtmi.com/caselaws?id=97011 Oral evidence and cross-examination are not barred in winding-up proceedings, but the Court may allow them only where necessity or expediency requires, and requests must be made promptly because such proceedings are intended to move quickly; a belated plea for adjournment or witness examination can properly be refused. On the just and equitable ground, winding up requires more than a management dispute between majority and minority factions. Where the company continues to carry on business, earns profits, and no sufficient misappropriation, financial collapse, or breakdown in management is shown, dissolution is not warranted. en-us Fri, 10 Dec 1948 00:00:00 +0530 Fri, 13 Jan 2012 16:27:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97011 Oral evidence and cross-examination are not barred in winding-up proceedings, but the Court may allow them only where necessity or expediency requires, and requests must be made promptly because such proceedings are intended to move quickly; a belated plea for adjournment or witness examination can properly be refused. On the just and equitable ground, winding up requires more than a management dispute between majority and minority factions. Where the company continues to carry on business, earns profits, and no sufficient misappropriation, financial collapse, or breakdown in management is shown, dissolution is not warranted. Case-Laws Companies Law Fri, 10 Dec 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97011