https://www.taxtmi.com/caselaws?id=113759 Admission of a winding-up petition and direction for advertisement are serious discretionary steps under section 433 of the Companies Act, 1956, especially where a functioning public sector undertaking may be affected. The court held that the company court must consider the company's objections, the broader consequences of winding up, and the public interest before proceeding. As the initial order was made without sufficient consideration of those matters, it was set aside and the petition was remanded for fresh consideration after giving the appellant an opportunity to present its case. en-us Mon, 01 Feb 2010 00:00:00 +0530 Fri, 17 Oct 2014 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113759 Admission of a winding-up petition and direction for advertisement are serious discretionary steps under section 433 of the Companies Act, 1956, especially where a functioning public sector undertaking may be affected. The court held that the company court must consider the company's objections, the broader consequences of winding up, and the public interest before proceeding. As the initial order was made without sufficient consideration of those matters, it was set aside and the petition was remanded for fresh consideration after giving the appellant an opportunity to present its case. Case-Laws Companies Law Mon, 01 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113759