https://www.taxtmi.com/caselaws?id=101967 A winding-up petition under the Companies Act, 1956 is a distinct statutory proceeding and cannot be treated as a money-recovery dispute referable to arbitration under a partnership deed. The arbitration clause covered disputes about construction of the deed, accounts, profits and losses, and rights and liabilities on dissolution, but it did not extend to the company court's jurisdiction to decide whether winding up should be ordered on statutory grounds. As the relief sought in the company petition fell outside the arbitration clause, section 34 of the Arbitration Act, 1940 could not be invoked to stay the winding-up proceedings. en-us Sat, 18 Aug 1990 00:00:00 +0530 Mon, 13 Feb 2012 13:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101967 A winding-up petition under the Companies Act, 1956 is a distinct statutory proceeding and cannot be treated as a money-recovery dispute referable to arbitration under a partnership deed. The arbitration clause covered disputes about construction of the deed, accounts, profits and losses, and rights and liabilities on dissolution, but it did not extend to the company court's jurisdiction to decide whether winding up should be ordered on statutory grounds. As the relief sought in the company petition fell outside the arbitration clause, section 34 of the Arbitration Act, 1940 could not be invoked to stay the winding-up proceedings. Case-Laws Companies Law Sat, 18 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101967