https://www.taxtmi.com/caselaws?id=108563 The Court clarified that the presence of an arbitration clause does not automatically prevent the Company Court from exercising jurisdiction in winding-up matters. Referring to relevant case law, the Court emphasized that the power to order winding-up is statutory and distinct from arbitration. It was held that if a bona fide dispute and substantial defense are raised, the Court will not wind up the company but may refer parties to arbitration. The Court dismissed the winding-up petition, directing the parties to resolve their disputes through arbitration as per their contract. en-us Thu, 31 Oct 2002 00:00:00 +0530 Mon, 02 Apr 2012 16:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108563 The Court clarified that the presence of an arbitration clause does not automatically prevent the Company Court from exercising jurisdiction in winding-up matters. Referring to relevant case law, the Court emphasized that the power to order winding-up is statutory and distinct from arbitration. It was held that if a bona fide dispute and substantial defense are raised, the Court will not wind up the company but may refer parties to arbitration. The Court dismissed the winding-up petition, directing the parties to resolve their disputes through arbitration as per their contract. Case-Laws Companies Law Thu, 31 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108563