https://www.taxtmi.com/caselaws?id=106242 The court dismissed the petition seeking winding up of the respondent company under the Companies Act, 1956, based on unascertained damages. Emphasizing that the disputed damages were not equivalent to a clear debt and required detailed investigation, the court held that the matter was more suitable for resolution in a civil court. Citing the principle that liquidated damages must be ascertained, the court ruled that the petition was not maintainable and directed the parties to pursue their remedy through the civil suit already filed. No costs were awarded in the judgment. en-us Thu, 09 Mar 1995 00:00:00 +0530 Tue, 30 Jan 2018 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106242 The court dismissed the petition seeking winding up of the respondent company under the Companies Act, 1956, based on unascertained damages. Emphasizing that the disputed damages were not equivalent to a clear debt and required detailed investigation, the court held that the matter was more suitable for resolution in a civil court. Citing the principle that liquidated damages must be ascertained, the court ruled that the petition was not maintainable and directed the parties to pursue their remedy through the civil suit already filed. No costs were awarded in the judgment. Case-Laws Companies Law Thu, 09 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106242