https://www.taxtmi.com/caselaws?id=104943 The court dismissed both winding up petitions as the petitioner-unions lacked legal standing, the arrears of salary did not meet the definition of 'debt,' and the demand notice requirement was not fulfilled. Additionally, the court deemed winding up unjust and inequitable due to ongoing efforts to address financial difficulties and relocate employees. The decision prioritized the welfare of workers and the public interest, leading to the rejection of the winding up applications. en-us Thu, 23 Sep 1999 00:00:00 +0530 Thu, 01 Mar 2012 18:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104943 The court dismissed both winding up petitions as the petitioner-unions lacked legal standing, the arrears of salary did not meet the definition of 'debt,' and the demand notice requirement was not fulfilled. Additionally, the court deemed winding up unjust and inequitable due to ongoing efforts to address financial difficulties and relocate employees. The decision prioritized the welfare of workers and the public interest, leading to the rejection of the winding up applications. Case-Laws Companies Law Thu, 23 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104943