https://www.taxtmi.com/caselaws?id=98745 A winding-up petition on the just and equitable ground should not be admitted against a solvent company where the dispute mainly reflects shareholder conflict, alleged exclusion from management, and complaints better addressed through oppression and mismanagement remedies. The partnership analogy applies only to a small domestic concern with a complete and irreconcilable deadlock, and even then the availability of alternative statutory remedies is material. On the stated facts, the company was a substantial concern with outside capital, no complete deadlock was shown, and the petitioners had access to remedies under the Companies Act, 1956. Admission was also disfavoured because public advertisement could cause serious and possibly irreversible harm. en-us Thu, 18 Dec 1969 00:00:00 +0530 Sat, 21 Jan 2012 18:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98745 A winding-up petition on the just and equitable ground should not be admitted against a solvent company where the dispute mainly reflects shareholder conflict, alleged exclusion from management, and complaints better addressed through oppression and mismanagement remedies. The partnership analogy applies only to a small domestic concern with a complete and irreconcilable deadlock, and even then the availability of alternative statutory remedies is material. On the stated facts, the company was a substantial concern with outside capital, no complete deadlock was shown, and the petitioners had access to remedies under the Companies Act, 1956. Admission was also disfavoured because public advertisement could cause serious and possibly irreversible harm. Case-Laws Companies Law Thu, 18 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98745