https://www.taxtmi.com/caselaws?id=108581 A stay of proceedings under sections 442 and 446 of the Companies Act, 1956 is warranted only when it advances the statutory objective of expeditious disposal in winding-up related matters. Where a stay application appears designed merely to delay adjudication or obstruct the suit, it is not bona fide and should be refused. On the stated facts, the request was made only after the suit had reached the evidence stage and no such plea had been taken in the written statement, which showed absence of bona fides. The request to halt proceedings was therefore rejected, and the suit was allowed to continue. en-us Thu, 14 Nov 2002 00:00:00 +0530 Mon, 02 Apr 2012 17:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108581 A stay of proceedings under sections 442 and 446 of the Companies Act, 1956 is warranted only when it advances the statutory objective of expeditious disposal in winding-up related matters. Where a stay application appears designed merely to delay adjudication or obstruct the suit, it is not bona fide and should be refused. On the stated facts, the request was made only after the suit had reached the evidence stage and no such plea had been taken in the written statement, which showed absence of bona fides. The request to halt proceedings was therefore rejected, and the suit was allowed to continue. Case-Laws Companies Law Thu, 14 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108581