https://www.taxtmi.com/caselaws?id=102628 The court rejected the appellants' prayer for winding up the respondent-company, citing the goodwill valuation of Rs. 1 crore as bogus and not based on admitted debt. The court found the petition lacked bona fides and was an attempt to coerce money from the respondents. The appeal was dismissed with costs, and all related petitions were disposed of, with specific amounts handed over to the appellants' counsel. en-us Tue, 13 Sep 1994 00:00:00 +0530 Wed, 15 Feb 2012 15:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102628 The court rejected the appellants' prayer for winding up the respondent-company, citing the goodwill valuation of Rs. 1 crore as bogus and not based on admitted debt. The court found the petition lacked bona fides and was an attempt to coerce money from the respondents. The appeal was dismissed with costs, and all related petitions were disposed of, with specific amounts handed over to the appellants' counsel. Case-Laws Companies Law Tue, 13 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102628