https://www.taxtmi.com/caselaws?id=106806 The court dismissed the petition for winding up the respondent-company, citing lack of just and equitable grounds. It directed the petitioner to seek relief from the company law board under sections 397 and 398, emphasizing the availability of alternative remedies for grievances of oppression and mismanagement. The court concluded that the petitioner's failure to pursue these remedies rendered the winding-up petition unreasonable and ordered the petitioner to pay costs of Rs. 5,000. en-us Tue, 11 Sep 2001 00:00:00 +0530 Thu, 15 Mar 2012 17:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106806 The court dismissed the petition for winding up the respondent-company, citing lack of just and equitable grounds. It directed the petitioner to seek relief from the company law board under sections 397 and 398, emphasizing the availability of alternative remedies for grievances of oppression and mismanagement. The court concluded that the petitioner's failure to pursue these remedies rendered the winding-up petition unreasonable and ordered the petitioner to pay costs of Rs. 5,000. Case-Laws Companies Law Tue, 11 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106806