https://www.taxtmi.com/caselaws?id=99662 A winding-up petition may be advertised on the just and equitable ground where the pleaded facts, if proved, could justify dissolution and show a fair possibility of success on full investigation. The just and equitable ground is not confined by ejusdem generis to the other winding-up grounds and may cover a justifiable loss of confidence in management arising from lack of probity. The availability of oppression and mismanagement remedies, and the court's discretion under section 443(2), does not bar advertisement where the material prima facie suggests serious mismanagement, diversion of assets, cessation of the company's real business, and possible loss of substratum. The petition was therefore allowed to proceed. en-us Fri, 23 Apr 1976 00:00:00 +0530 Sat, 28 Jan 2012 12:18:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99662 A winding-up petition may be advertised on the just and equitable ground where the pleaded facts, if proved, could justify dissolution and show a fair possibility of success on full investigation. The just and equitable ground is not confined by ejusdem generis to the other winding-up grounds and may cover a justifiable loss of confidence in management arising from lack of probity. The availability of oppression and mismanagement remedies, and the court's discretion under section 443(2), does not bar advertisement where the material prima facie suggests serious mismanagement, diversion of assets, cessation of the company's real business, and possible loss of substratum. The petition was therefore allowed to proceed. Case-Laws Companies Law Fri, 23 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99662