https://www.taxtmi.com/caselaws?id=107957 Winding up on the just and equitable ground was not made out because the materials showed, at most, grievances about management and possible mismanagement, not facts justifying the extreme remedy. Allegations on share allotment, remuneration, appointments, statutory meetings, borrowings, disclosures, and document supply were insufficient to establish a prima facie case. The Court treated winding up as a last resort and noted that alternative company law remedies, including relief for mismanagement, were available. The petitioner's delay in challenging the alleged resignation from directorship further weakened the claim for equitable relief, and the company petition failed on that basis. en-us Fri, 27 Apr 2001 00:00:00 +0530 Wed, 28 Mar 2012 10:45:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107957 Winding up on the just and equitable ground was not made out because the materials showed, at most, grievances about management and possible mismanagement, not facts justifying the extreme remedy. Allegations on share allotment, remuneration, appointments, statutory meetings, borrowings, disclosures, and document supply were insufficient to establish a prima facie case. The Court treated winding up as a last resort and noted that alternative company law remedies, including relief for mismanagement, were available. The petitioner's delay in challenging the alleged resignation from directorship further weakened the claim for equitable relief, and the company petition failed on that basis. Case-Laws Companies Law Fri, 27 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107957