https://www.taxtmi.com/caselaws?id=104305 Winding up on the just and equitable ground is inappropriate where exclusion from management and alleged mismanagement are more properly addressed through statutory oppression and management remedies. No actual deadlock arose because the company continued functioning, circular resolutions remained available, and no current breach of the articles was established. Section 443(2) requires refusal of winding up where an adequate alternative remedy exists and petitioners unreasonably pursue winding up instead. Serious allegations of misappropriation and criminal proceedings involving the petitioners also formed part of the factual context. The winding-up request was rejected and the petition dismissed. en-us Fri, 31 Jul 1998 00:00:00 +0530 Tue, 28 Feb 2012 16:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104305 Winding up on the just and equitable ground is inappropriate where exclusion from management and alleged mismanagement are more properly addressed through statutory oppression and management remedies. No actual deadlock arose because the company continued functioning, circular resolutions remained available, and no current breach of the articles was established. Section 443(2) requires refusal of winding up where an adequate alternative remedy exists and petitioners unreasonably pursue winding up instead. Serious allegations of misappropriation and criminal proceedings involving the petitioners also formed part of the factual context. The winding-up request was rejected and the petition dismissed. Case-Laws Companies Law Fri, 31 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104305