https://www.taxtmi.com/caselaws?id=97502 The court found it just and equitable to wind up the company due to serious misunderstandings among shareholders, misappropriation of funds, and conflict of interest arising from rival business operations. Consequently, the court ordered the winding up of the East Coast Transport and Shipping Company (Private) Limited based on the "just and equitable" clause under Section 433(f) of the Companies Act, supported by precedents and the specific circumstances of the case. en-us Fri, 08 Feb 1957 00:00:00 +0530 Tue, 17 Jan 2012 10:31:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97502 The court found it just and equitable to wind up the company due to serious misunderstandings among shareholders, misappropriation of funds, and conflict of interest arising from rival business operations. Consequently, the court ordered the winding up of the East Coast Transport and Shipping Company (Private) Limited based on the "just and equitable" clause under Section 433(f) of the Companies Act, supported by precedents and the specific circumstances of the case. Case-Laws Companies Law Fri, 08 Feb 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97502