https://www.taxtmi.com/caselaws?id=101259 An application to revoke the admission of a winding up petition is maintainable under the Companies (Court) Rules and the court possesses discretion to stay proceedings and revoke admission; however, the HC refused to entertain the revival of that relief where the applicant repeatedly opposed, sought adjournments for settlement, failed to press the revocation plea when opportunities arose, and thereby by conduct waived or abandoned the plea. The court found laches and want of bona fides in seeking relief at a belated stage and dismissed the application to revoke admission and ancillary prayers for stay and refusal of advertisement. en-us Mon, 26 Mar 1984 00:00:00 +0530 Thu, 09 Feb 2012 11:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101259 An application to revoke the admission of a winding up petition is maintainable under the Companies (Court) Rules and the court possesses discretion to stay proceedings and revoke admission; however, the HC refused to entertain the revival of that relief where the applicant repeatedly opposed, sought adjournments for settlement, failed to press the revocation plea when opportunities arose, and thereby by conduct waived or abandoned the plea. The court found laches and want of bona fides in seeking relief at a belated stage and dismissed the application to revoke admission and ancillary prayers for stay and refusal of advertisement. Case-Laws Companies Law Mon, 26 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101259