https://www.taxtmi.com/caselaws?id=113677 The High Court of Madras dismissed the Company Petition seeking winding up of the respondent-company. The court found that the liability was unascertained due to a pending appeal challenging the decree, and the winding up application was deemed a pressure tactic. The court emphasized the discretionary power in granting winding up relief, requiring substantial defense and proper evaluation of evidence. Consequently, the appeal and the connected motion petition were dismissed. en-us Wed, 27 Jan 2010 00:00:00 +0530 Fri, 17 Oct 2014 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113677 The High Court of Madras dismissed the Company Petition seeking winding up of the respondent-company. The court found that the liability was unascertained due to a pending appeal challenging the decree, and the winding up application was deemed a pressure tactic. The court emphasized the discretionary power in granting winding up relief, requiring substantial defense and proper evaluation of evidence. Consequently, the appeal and the connected motion petition were dismissed. Case-Laws Companies Law Wed, 27 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113677