https://www.taxtmi.com/caselaws?id=112262 The court dismissed the petition for winding up the company, citing the petitioners' prejudicial actions that contributed to the company's inability to continue its business. The court held that the petitioners were not entitled to seek winding up on just and equitable grounds due to their conduct. The petitioners were allowed to pursue their allegations in appropriate proceedings, but the petition for winding up was permanently stayed. The application for the appointment of a provisional liquidator was dismissed, and interim orders, if any, were vacated. Each party was ordered to bear their own costs. en-us Tue, 28 Aug 2007 00:00:00 +0530 Mon, 29 Dec 2014 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112262 The court dismissed the petition for winding up the company, citing the petitioners' prejudicial actions that contributed to the company's inability to continue its business. The court held that the petitioners were not entitled to seek winding up on just and equitable grounds due to their conduct. The petitioners were allowed to pursue their allegations in appropriate proceedings, but the petition for winding up was permanently stayed. The application for the appointment of a provisional liquidator was dismissed, and interim orders, if any, were vacated. Each party was ordered to bear their own costs. Case-Laws Companies Law Tue, 28 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112262