https://www.taxtmi.com/caselaws?id=104297 Admission and advertisement of a winding-up petition will not be revoked where the record discloses a prima facie case and no material shows mala fide intent or abuse of process. The court held that the petitioner's allegations of indebtedness, pending suits, criminal proceedings and other supporting materials were sufficient to justify continuation at the admission stage. It also held that the pendency of oppression and mismanagement proceedings did not, on the pleaded grounds, bar the winding-up petition. The request to revoke admission and advertisement was therefore rejected, and the winding-up proceedings were allowed to continue in accordance with law. en-us Tue, 28 Jul 1998 00:00:00 +0530 Tue, 28 Feb 2012 15:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104297 Admission and advertisement of a winding-up petition will not be revoked where the record discloses a prima facie case and no material shows mala fide intent or abuse of process. The court held that the petitioner's allegations of indebtedness, pending suits, criminal proceedings and other supporting materials were sufficient to justify continuation at the admission stage. It also held that the pendency of oppression and mismanagement proceedings did not, on the pleaded grounds, bar the winding-up petition. The request to revoke admission and advertisement was therefore rejected, and the winding-up proceedings were allowed to continue in accordance with law. Case-Laws Companies Law Tue, 28 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104297