https://www.taxtmi.com/caselaws?id=108892 The court dismissed the winding-up petition, emphasizing that it should be a last resort and alternative remedies were available to the petitioner under sections 397, 398, and 235 of the Companies Act, 1956. The court found the petitioner did not meet the requirements to be considered a contributory and that allegations of oppression and mismanagement were unsubstantiated. The court noted that the company's substratum was intact and it was still operational, leading to the decision to quash the order of admission and set aside the direction to advertise the petition. en-us Fri, 22 Dec 2000 00:00:00 +0530 Wed, 04 Apr 2012 14:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108892 The court dismissed the winding-up petition, emphasizing that it should be a last resort and alternative remedies were available to the petitioner under sections 397, 398, and 235 of the Companies Act, 1956. The court found the petitioner did not meet the requirements to be considered a contributory and that allegations of oppression and mismanagement were unsubstantiated. The court noted that the company's substratum was intact and it was still operational, leading to the decision to quash the order of admission and set aside the direction to advertise the petition. Case-Laws Companies Law Fri, 22 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108892