https://www.taxtmi.com/caselaws?id=210869 The Court dismissed the respondent's preliminary objections regarding the authority to file the winding-up petition and the lack of privity of contract between the parties. It found the respondent's claims of excess payment and defects in the conveyor system unsubstantiated, emphasizing the binding nature of the agreement. The Court held that payments were not contingent on the petitioner's performance and admitted the petition, appointing the Official Liquidator as Provisional Liquidator for the respondent company. The directors were restrained from dealing with assets, and the case was scheduled for further proceedings with specific directives for compliance. en-us Tue, 03 Jan 2012 00:00:00 +0530 Mon, 11 Feb 2013 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210869 The Court dismissed the respondent's preliminary objections regarding the authority to file the winding-up petition and the lack of privity of contract between the parties. It found the respondent's claims of excess payment and defects in the conveyor system unsubstantiated, emphasizing the binding nature of the agreement. The Court held that payments were not contingent on the petitioner's performance and admitted the petition, appointing the Official Liquidator as Provisional Liquidator for the respondent company. The directors were restrained from dealing with assets, and the case was scheduled for further proceedings with specific directives for compliance. Case-Laws Companies Law Tue, 03 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210869