https://www.taxtmi.com/caselaws?id=99019 The court concluded that the winding-up petition was not justified. The appellant was given the option to surrender her interest in the company's capital for takeover by the company, with the purchase price to be determined by the court. The appellant had six months to exercise this option, failing which her appeal would be dismissed. The appointment of the chairman of the board of directors and internal auditors was to end by May 31, 1972, with parties bearing their own costs. en-us Thu, 11 May 1972 00:00:00 +0530 Tue, 24 Jan 2012 18:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99019 The court concluded that the winding-up petition was not justified. The appellant was given the option to surrender her interest in the company's capital for takeover by the company, with the purchase price to be determined by the court. The appellant had six months to exercise this option, failing which her appeal would be dismissed. The appointment of the chairman of the board of directors and internal auditors was to end by May 31, 1972, with parties bearing their own costs. Case-Laws Companies Law Thu, 11 May 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99019