https://www.taxtmi.com/caselaws?id=97774 Section 346 discretion permits the court to weigh all relevant matters when deciding a winding-up petition and the mere fact that a substantial majority of unsecured creditors oppose does not automatically bar the order; the court may consider number and value of opposing creditors, nature and quality of debts, and may require opposing creditors to justify their wishes. The majority found no misdirection by the county court judge and upheld the exercise of discretion; a dissent would have treated reliance on indebtedness figures and paid up capital, without asset or trading evidence, as error. Appeal dismissed; judge did not err in law. en-us Thu, 15 Dec 1960 00:00:00 +0530 Fri, 16 Feb 2018 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97774 Section 346 discretion permits the court to weigh all relevant matters when deciding a winding-up petition and the mere fact that a substantial majority of unsecured creditors oppose does not automatically bar the order; the court may consider number and value of opposing creditors, nature and quality of debts, and may require opposing creditors to justify their wishes. The majority found no misdirection by the county court judge and upheld the exercise of discretion; a dissent would have treated reliance on indebtedness figures and paid up capital, without asset or trading evidence, as error. Appeal dismissed; judge did not err in law. Case-Laws Companies Law Thu, 15 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97774