https://www.taxtmi.com/caselaws?id=106248 Winding up on the just and equitable ground will not be ordered where the petitioner has alternative remedies and the record does not justify the drastic remedy. The petition was primarily based on allegations of oppression and mismanagement, with winding up sought only as an alternative prayer. The court noted that the company was financially sound and that the materials did not show a condition warranting liquidation. It emphasised that winding up is a remedy of last resort, to be used only when no other efficacious remedy exists. On those facts, the petitioner failed to establish a case for winding up of the respondent-company. en-us Fri, 10 Nov 1995 00:00:00 +0530 Tue, 13 Mar 2012 14:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106248 Winding up on the just and equitable ground will not be ordered where the petitioner has alternative remedies and the record does not justify the drastic remedy. The petition was primarily based on allegations of oppression and mismanagement, with winding up sought only as an alternative prayer. The court noted that the company was financially sound and that the materials did not show a condition warranting liquidation. It emphasised that winding up is a remedy of last resort, to be used only when no other efficacious remedy exists. On those facts, the petitioner failed to establish a case for winding up of the respondent-company. Case-Laws Companies Law Fri, 10 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106248