https://www.taxtmi.com/caselaws?id=108220 Winding up petitions seeking recovery of a monetary award are inappropriate where statutory arbitration enforcement mechanisms remain available; the Arbitration Act supplies a complete code for enforcement and execution, and creditors must exhaust those remedies before invoking winding up. Winding up is a discretionary, extraordinary remedy and may be dismissed where an alternative remedy exists; a creditor cannot convert an execution matter into a winding up petition without demonstrating a strong prima facie case justifying that extraordinary relief. Section 443(2) permits dismissal when another adequate remedy is available. en-us Mon, 23 Jun 2003 00:00:00 +0530 Mon, 29 Jan 2018 16:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108220 Winding up petitions seeking recovery of a monetary award are inappropriate where statutory arbitration enforcement mechanisms remain available; the Arbitration Act supplies a complete code for enforcement and execution, and creditors must exhaust those remedies before invoking winding up. Winding up is a discretionary, extraordinary remedy and may be dismissed where an alternative remedy exists; a creditor cannot convert an execution matter into a winding up petition without demonstrating a strong prima facie case justifying that extraordinary relief. Section 443(2) permits dismissal when another adequate remedy is available. Case-Laws Companies Law Mon, 23 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108220