https://www.taxtmi.com/caselaws?id=103908 The court dismissed the petition for winding up filed by American Express Bank Ltd. against Core Health Care Ltd. The court found that the respondent company was not commercially insolvent, had substantial assets exceeding liabilities, and was actively working to address its financial crisis. Considering the overall impact, including the interests of creditors, employees, and public interest, the court concluded that ordering winding up would not be just and equitable. Therefore, the petition was dismissed, with no costs awarded. en-us Mon, 15 Sep 1997 00:00:00 +0530 Mon, 29 Jan 2018 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103908 The court dismissed the petition for winding up filed by American Express Bank Ltd. against Core Health Care Ltd. The court found that the respondent company was not commercially insolvent, had substantial assets exceeding liabilities, and was actively working to address its financial crisis. Considering the overall impact, including the interests of creditors, employees, and public interest, the court concluded that ordering winding up would not be just and equitable. Therefore, the petition was dismissed, with no costs awarded. Case-Laws Companies Law Mon, 15 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103908