https://www.taxtmi.com/caselaws?id=97779 A compulsory winding-up petition was refused where the majority in value of creditors reasonably opposed liquidation and the company demonstrated assets and realistic prospects for continuing the business; the petitioner had not exhausted execution remedies and had offered structured repayment, and no special circumstances overrode creditor preference. The court treated majority opposition as highly persuasive though not conclusive when exercising discretion under the statutory winding-up regime. Following established practice, the court made no order as to the petitioning creditor's costs when a statutory right to wind up was defeated by majority creditor opposition. en-us Mon, 19 Dec 1960 00:00:00 +0530 Wed, 18 Jan 2012 10:48:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97779 A compulsory winding-up petition was refused where the majority in value of creditors reasonably opposed liquidation and the company demonstrated assets and realistic prospects for continuing the business; the petitioner had not exhausted execution remedies and had offered structured repayment, and no special circumstances overrode creditor preference. The court treated majority opposition as highly persuasive though not conclusive when exercising discretion under the statutory winding-up regime. Following established practice, the court made no order as to the petitioning creditor's costs when a statutory right to wind up was defeated by majority creditor opposition. Case-Laws Companies Law Mon, 19 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97779