https://www.taxtmi.com/caselaws?id=98832 The court declared that the company is in voluntary liquidation. The resolution to liquidate was deemed valid based on the shareholders' conduct and the principle of unanimous agreement. The fertilizer company was barred by laches from disputing the liquidation status due to its delay and conduct. The equitable doctrine of laches was applicable, and the court found that granting the relief sought would be practically unjust. The conduct of the fertilizer company and its officers demonstrated acceptance of the liquidation, and the court found no injustice in treating them as having agreed to the liquidation. en-us Wed, 10 Mar 1971 00:00:00 +0530 Tue, 24 Jan 2012 12:05:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98832 The court declared that the company is in voluntary liquidation. The resolution to liquidate was deemed valid based on the shareholders' conduct and the principle of unanimous agreement. The fertilizer company was barred by laches from disputing the liquidation status due to its delay and conduct. The equitable doctrine of laches was applicable, and the court found that granting the relief sought would be practically unjust. The conduct of the fertilizer company and its officers demonstrated acceptance of the liquidation, and the court found no injustice in treating them as having agreed to the liquidation. Case-Laws Companies Law Wed, 10 Mar 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98832