https://www.taxtmi.com/caselaws?id=98444 Just and equitable winding up requires proof that the company's substratum has disappeared, its main business has become impossible, or it cannot operate for the benefit of the company as a whole. Mismanagement, misappropriation, or general oppression allegations alone do not justify winding up where other corporate objects can still be pursued. Available statutory and contractual remedies, including rights under the Companies Act, 1956 and the articles of association, may address the alleged conduct without dissolution. The winding-up request failed because the required just-and-equitable basis was not established. en-us Fri, 18 Aug 1967 00:00:00 +0530 Fri, 20 Jan 2012 16:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98444 Just and equitable winding up requires proof that the company's substratum has disappeared, its main business has become impossible, or it cannot operate for the benefit of the company as a whole. Mismanagement, misappropriation, or general oppression allegations alone do not justify winding up where other corporate objects can still be pursued. Available statutory and contractual remedies, including rights under the Companies Act, 1956 and the articles of association, may address the alleged conduct without dissolution. The winding-up request failed because the required just-and-equitable basis was not established. Case-Laws Companies Law Fri, 18 Aug 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98444