https://www.taxtmi.com/caselaws?id=100665 The court dismissed the petition for winding up the company, citing lack of substantial evidence to support allegations of mismanagement and oppression of minority shareholders. The petitioner, a former director, failed to prove the company's loss due to mismanagement. The court emphasized the need for concrete evidence to establish grounds for winding up and highlighted the petitioner's history of settling disputes out of court. The lack of evidence and the petitioner's inability to demonstrate a deadlock in management led to the rejection of the petition, with no order as to costs. en-us Tue, 01 Mar 1983 00:00:00 +0530 Fri, 03 Feb 2012 17:47:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100665 The court dismissed the petition for winding up the company, citing lack of substantial evidence to support allegations of mismanagement and oppression of minority shareholders. The petitioner, a former director, failed to prove the company's loss due to mismanagement. The court emphasized the need for concrete evidence to establish grounds for winding up and highlighted the petitioner's history of settling disputes out of court. The lack of evidence and the petitioner's inability to demonstrate a deadlock in management led to the rejection of the petition, with no order as to costs. Case-Laws Companies Law Tue, 01 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100665