https://www.taxtmi.com/caselaws?id=113587 The court found in favor of the petitioner in the winding-up petition due to the respondent's failure to complete construction as per the Agreement to Lease. The unregistered agreement was terminated rightfully by the petitioner, justifying the demand for a refund of the security deposit. The court deemed the petitioner's actions valid, emphasizing that the arbitration clause did not preclude winding-up proceedings. A show cause notice was issued to the respondent, indicating a prima facie case for winding up the company. en-us Tue, 22 Dec 2009 00:00:00 +0530 Mon, 20 Oct 2014 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113587 The court found in favor of the petitioner in the winding-up petition due to the respondent's failure to complete construction as per the Agreement to Lease. The unregistered agreement was terminated rightfully by the petitioner, justifying the demand for a refund of the security deposit. The court deemed the petitioner's actions valid, emphasizing that the arbitration clause did not preclude winding-up proceedings. A show cause notice was issued to the respondent, indicating a prima facie case for winding up the company. Case-Laws Companies Law Tue, 22 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113587