https://www.taxtmi.com/caselaws?id=101976 In winding-up proceedings, the court may hear shareholders and other persons with a real interest at the admission stage, especially where allegations of collusion, manipulation of control, or abuse of process arise; Rule 9 of the Companies (Court) Rules, 1959 supports such intervention to secure justice. The petition was found to rest on disputed and self-serving material, and the surrounding circumstances indicated a contest for control rather than a genuine claim for repayment. On that basis, the winding-up jurisdiction was treated as having been used as pressure tactic, and the petition was characterised as collusive and abusive, leaving any alternative remedy to the civil court. en-us Thu, 06 Sep 1990 00:00:00 +0530 Mon, 13 Feb 2012 13:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101976 In winding-up proceedings, the court may hear shareholders and other persons with a real interest at the admission stage, especially where allegations of collusion, manipulation of control, or abuse of process arise; Rule 9 of the Companies (Court) Rules, 1959 supports such intervention to secure justice. The petition was found to rest on disputed and self-serving material, and the surrounding circumstances indicated a contest for control rather than a genuine claim for repayment. On that basis, the winding-up jurisdiction was treated as having been used as pressure tactic, and the petition was characterised as collusive and abusive, leaving any alternative remedy to the civil court. Case-Laws Companies Law Thu, 06 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101976