https://www.taxtmi.com/caselaws?id=103519 The High Court of Delhi remitted the appeal by Nitul Data System (P.) Ltd. against a winding-up order back to the single judge for reconsideration. The appellant agreed to deposit the unpaid amount and provide a bank guarantee for the remaining balance. The court emphasized the need for a fresh evaluation of the petition's admission in light of these developments and directed both parties to seek Reserve Bank of India's permission for handling the deposited amounts. The original order was set aside, and the case was referred back to the single judge for further proceedings. en-us Fri, 09 Dec 1994 00:00:00 +0530 Thu, 23 Feb 2012 13:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103519 The High Court of Delhi remitted the appeal by Nitul Data System (P.) Ltd. against a winding-up order back to the single judge for reconsideration. The appellant agreed to deposit the unpaid amount and provide a bank guarantee for the remaining balance. The court emphasized the need for a fresh evaluation of the petition's admission in light of these developments and directed both parties to seek Reserve Bank of India's permission for handling the deposited amounts. The original order was set aside, and the case was referred back to the single judge for further proceedings. Case-Laws Companies Law Fri, 09 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103519