https://www.taxtmi.com/caselaws?id=109732 The court dismissed the winding-up petition under section 433(f) of the Companies Act, 1956, as the petitioner had effective alternative remedies available under sections 397 and 398 of the Act. The court emphasized that winding up is a last resort and should be sought only when other remedies are not efficacious. Since the petitioner had already initiated separate proceedings, the court held that the winding-up petition was not maintainable and consequently dismissed it along with the related company application. en-us Fri, 11 Oct 2002 00:00:00 +0530 Wed, 11 Apr 2012 16:04:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109732 The court dismissed the winding-up petition under section 433(f) of the Companies Act, 1956, as the petitioner had effective alternative remedies available under sections 397 and 398 of the Act. The court emphasized that winding up is a last resort and should be sought only when other remedies are not efficacious. Since the petitioner had already initiated separate proceedings, the court held that the winding-up petition was not maintainable and consequently dismissed it along with the related company application. Case-Laws Companies Law Fri, 11 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109732