https://www.taxtmi.com/caselaws?id=98149 Petitioner sought winding up on grounds of alleged past mismanagement, related-director control, misappropriation, trading losses and sale of undertakings; court found most misconduct attributable to a prior board, a new board in office with no substantive allegations, continued ability to trade and retention of undertakings within the memorandum, and no commercial insolvency. Petitioner was a small shareholder who declined a premium offer and had an alternative statutory remedy available. The court concluded just and equitable grounds were not made out and dismissed the winding-up petition in limine. en-us Thu, 05 Mar 1964 00:00:00 +0530 Thu, 19 Jan 2012 13:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98149 Petitioner sought winding up on grounds of alleged past mismanagement, related-director control, misappropriation, trading losses and sale of undertakings; court found most misconduct attributable to a prior board, a new board in office with no substantive allegations, continued ability to trade and retention of undertakings within the memorandum, and no commercial insolvency. Petitioner was a small shareholder who declined a premium offer and had an alternative statutory remedy available. The court concluded just and equitable grounds were not made out and dismissed the winding-up petition in limine. Case-Laws Companies Law Thu, 05 Mar 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98149