https://www.taxtmi.com/caselaws?id=101277 The court dismissed the petition for winding up under sections 433(c) and (f) of the Companies Act, 1956. The judge found that the company had not suspended business for over a year and had not substantially failed in its objectives. The company demonstrated ongoing business activities through filed financial documents and had assets exceeding liabilities. Therefore, the court ruled that the grounds for winding up were not established, leading to the dismissal of the petition without costs awarded. en-us Thu, 22 Nov 1984 00:00:00 +0530 Thu, 09 Feb 2012 12:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101277 The court dismissed the petition for winding up under sections 433(c) and (f) of the Companies Act, 1956. The judge found that the company had not suspended business for over a year and had not substantially failed in its objectives. The company demonstrated ongoing business activities through filed financial documents and had assets exceeding liabilities. Therefore, the court ruled that the grounds for winding up were not established, leading to the dismissal of the petition without costs awarded. Case-Laws Companies Law Thu, 22 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101277