https://www.taxtmi.com/caselaws?id=105505 The court dismissed the petition for winding up the respondent-company under sections 433 and 434 of the Companies Act, 1956. Instead, the court ordered the respondent to make scheduled payments to the petitioners, with provisions for dismissal of the petition upon full payment and conditions for default leading to admission of the petition. The court emphasized the respondent's viability as a going concern, efforts towards debt repayment, and the need to protect both the petitioners' interests and the company's operations. en-us Fri, 24 Aug 2001 00:00:00 +0530 Tue, 30 Jan 2018 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105505 The court dismissed the petition for winding up the respondent-company under sections 433 and 434 of the Companies Act, 1956. Instead, the court ordered the respondent to make scheduled payments to the petitioners, with provisions for dismissal of the petition upon full payment and conditions for default leading to admission of the petition. The court emphasized the respondent's viability as a going concern, efforts towards debt repayment, and the need to protect both the petitioners' interests and the company's operations. Case-Laws Companies Law Fri, 24 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105505