https://www.taxtmi.com/caselaws?id=108570 The court dismissed the company's petition for winding up due to ongoing proceedings before the specialized authorities, including the Board for Industrial and Financial Reconstruction (BIFR) and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR). The court emphasized that the fate of the winding up petition was linked to the outcomes of the proceedings before BIFR and AAIFR, as per the provisions of the Sick Industrial Companies (Special Provisions) Act. Consequently, the court declined to entertain the petition, with no costs awarded. en-us Mon, 11 Nov 2002 00:00:00 +0530 Mon, 02 Apr 2012 17:11:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108570 The court dismissed the company's petition for winding up due to ongoing proceedings before the specialized authorities, including the Board for Industrial and Financial Reconstruction (BIFR) and the Appellate Authority for Industrial and Financial Reconstruction (AAIFR). The court emphasized that the fate of the winding up petition was linked to the outcomes of the proceedings before BIFR and AAIFR, as per the provisions of the Sick Industrial Companies (Special Provisions) Act. Consequently, the court declined to entertain the petition, with no costs awarded. Case-Laws Companies Law Mon, 11 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108570