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    <title>2006 (4) TMI 262 - HIGH COURT OF ALLAHABAD</title>
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    <description>The court granted the petition to stay the special resolutions of voluntary winding up filed by Dhankari Investments Ltd. The court restored management powers to the directors, discharged the liquidator from further proceedings, and directed the liquidator to hand over charge to the directors. The court found it just to stay the voluntary winding up proceedings, considering the company&#039;s solvency and the majority shareholders&#039; resolution to rescind the winding up.</description>
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    <pubDate>Fri, 28 Apr 2006 00:00:00 +0530</pubDate>
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      <description>The court granted the petition to stay the special resolutions of voluntary winding up filed by Dhankari Investments Ltd. The court restored management powers to the directors, discharged the liquidator from further proceedings, and directed the liquidator to hand over charge to the directors. The court found it just to stay the voluntary winding up proceedings, considering the company&#039;s solvency and the majority shareholders&#039; resolution to rescind the winding up.</description>
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