https://www.taxtmi.com/caselaws?id=98887 The appeal was dismissed with costs, and the company and supporting creditors were awarded one hearing fee. The court ordered that the amount of Rs. 72,000 deposited in court would remain for eight weeks, during which the appellants could file a suit. If no suit was filed within that period, the company could withdraw the amount. The court found no legitimate purpose behind the appellants' petition, affirming the High Court's decision to refuse the winding-up order. en-us Fri, 29 Oct 1971 00:00:00 +0530 Wed, 04 Jun 2014 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98887 The appeal was dismissed with costs, and the company and supporting creditors were awarded one hearing fee. The court ordered that the amount of Rs. 72,000 deposited in court would remain for eight weeks, during which the appellants could file a suit. If no suit was filed within that period, the company could withdraw the amount. The court found no legitimate purpose behind the appellants' petition, affirming the High Court's decision to refuse the winding-up order. Case-Laws Companies Law Fri, 29 Oct 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98887