https://www.taxtmi.com/caselaws?id=105188 A pending writ petition and an interim stay against BIFR/AAIFR orders did not, by themselves, bar the Company Court from entertaining and deciding a winding-up petition under the Sick Industrial Companies (Special Provisions) Act, 1985; the Court applied Shree Chamundi Mopeds and treated sections 22 and 25 as not ousting jurisdiction. The company's long discontinuance of business, sale of movable assets, and pending sale of immovable assets showed that its substratum had disappeared, so discretion was not exercised against winding up and a winding-up order was warranted. en-us Wed, 10 Mar 1999 00:00:00 +0530 Fri, 02 Mar 2012 18:04:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105188 A pending writ petition and an interim stay against BIFR/AAIFR orders did not, by themselves, bar the Company Court from entertaining and deciding a winding-up petition under the Sick Industrial Companies (Special Provisions) Act, 1985; the Court applied Shree Chamundi Mopeds and treated sections 22 and 25 as not ousting jurisdiction. The company's long discontinuance of business, sale of movable assets, and pending sale of immovable assets showed that its substratum had disappeared, so discretion was not exercised against winding up and a winding-up order was warranted. Case-Laws Companies Law Wed, 10 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105188