https://www.taxtmi.com/caselaws?id=113917 The court dismissed the winding up petition, granting liberty to the petitioner-bank to file a civil suit for recovery. The court emphasized that the disputed issues required evidence and were more suitable for resolution in a civil court. Additionally, the court considered the respondent-company's sound financial position and the potential adverse publicity from winding up proceedings, leading to the decision to deny the petition in the larger public interest. en-us Sat, 05 Sep 2009 00:00:00 +0530 Sat, 01 Nov 2014 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113917 The court dismissed the winding up petition, granting liberty to the petitioner-bank to file a civil suit for recovery. The court emphasized that the disputed issues required evidence and were more suitable for resolution in a civil court. Additionally, the court considered the respondent-company's sound financial position and the potential adverse publicity from winding up proceedings, leading to the decision to deny the petition in the larger public interest. Case-Laws Companies Law Sat, 05 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113917