https://www.taxtmi.com/caselaws?id=111161 The High Court of Rajasthan dismissed a winding up petition under section 439 of the Companies Act, 1956, filed by petitioners against a company for non-payment of wages to employees. The court highlighted that seeking winding up for wage recovery may not be suitable, emphasizing alternative remedies under the Industrial Disputes Act and Payment of Wages Act. Additionally, the court emphasized compliance with statutory provisions, specifically section 434 of the Companies Act, 1956, and noted the lack of evidence of proper notice delivery as a crucial factor leading to the petition's dismissal. en-us Thu, 21 Apr 2005 00:00:00 +0530 Fri, 20 Apr 2012 16:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111161 The High Court of Rajasthan dismissed a winding up petition under section 439 of the Companies Act, 1956, filed by petitioners against a company for non-payment of wages to employees. The court highlighted that seeking winding up for wage recovery may not be suitable, emphasizing alternative remedies under the Industrial Disputes Act and Payment of Wages Act. Additionally, the court emphasized compliance with statutory provisions, specifically section 434 of the Companies Act, 1956, and noted the lack of evidence of proper notice delivery as a crucial factor leading to the petition's dismissal. Case-Laws Companies Law Thu, 21 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111161