https://www.taxtmi.com/caselaws?id=108549 The court dismissed the petition for winding up the respondent-company, citing a bona fide dispute over the alleged debt, the speculative nature of returns, and the potential harm to the company and its employees. The petitioner failed to establish the debt, lacking locus standi for just and equitable grounds. Judicial discretion favored reviving the company to protect stakeholders, leading to the dismissal of the petition with no costs awarded. en-us Thu, 10 Oct 2002 00:00:00 +0530 Mon, 02 Apr 2012 14:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108549 The court dismissed the petition for winding up the respondent-company, citing a bona fide dispute over the alleged debt, the speculative nature of returns, and the potential harm to the company and its employees. The petitioner failed to establish the debt, lacking locus standi for just and equitable grounds. Judicial discretion favored reviving the company to protect stakeholders, leading to the dismissal of the petition with no costs awarded. Case-Laws Companies Law Thu, 10 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108549