https://www.taxtmi.com/caselaws?id=104093 The High Court of Delhi dismissed the petition for a winding-up order against the respondent due to the petitioner's intentional suppression of material facts, including a settlement agreement where the respondent agreed to pay Rs. 22.81 lakhs. The court found that the petitioner misled the court by not disclosing the settlement agreement and that the debt claimed was inconsistent with the settlement amount. Emphasizing the importance of transparency, the court ruled in favor of the respondent, dismissing the petition and imposing costs of Rs. 5,000 on the petitioner. en-us Mon, 08 Feb 1999 00:00:00 +0530 Mon, 27 Feb 2012 16:01:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104093 The High Court of Delhi dismissed the petition for a winding-up order against the respondent due to the petitioner's intentional suppression of material facts, including a settlement agreement where the respondent agreed to pay Rs. 22.81 lakhs. The court found that the petitioner misled the court by not disclosing the settlement agreement and that the debt claimed was inconsistent with the settlement amount. Emphasizing the importance of transparency, the court ruled in favor of the respondent, dismissing the petition and imposing costs of Rs. 5,000 on the petitioner. Case-Laws Companies Law Mon, 08 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104093