https://www.taxtmi.com/caselaws?id=100663 Where authority to prosecute or withdraw a company petition depends on the validity of a disputed shareholders' meeting and resolution, and that same issue is already pending before the civil court, the High Court may decline to determine the controversy in the company proceedings. The court treated the matter as unsuitable for adjudication in the present petition because any finding could prejudice the parties in the civil suit. The withdrawal application was partly accepted and the company petition was dismissed without prejudice, preserving the petitioner's right to file a fresh petition if the civil court later held the resolution invalid. en-us Thu, 17 Feb 1983 00:00:00 +0530 Fri, 03 Feb 2012 17:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100663 Where authority to prosecute or withdraw a company petition depends on the validity of a disputed shareholders' meeting and resolution, and that same issue is already pending before the civil court, the High Court may decline to determine the controversy in the company proceedings. The court treated the matter as unsuitable for adjudication in the present petition because any finding could prejudice the parties in the civil suit. The withdrawal application was partly accepted and the company petition was dismissed without prejudice, preserving the petitioner's right to file a fresh petition if the civil court later held the resolution invalid. Case-Laws Companies Law Thu, 17 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100663