https://www.taxtmi.com/caselaws?id=219842 The court dismissed the appeal, affirming the learned Company Judge's decision to admit the winding-up petition. The appellant's defense was found to be illusory, unsustainable, and barred by law. The court also highlighted the public policy principle against aiding illegal transactions and tax evasion. No costs were imposed on the appellant. en-us Wed, 31 Oct 2012 00:00:00 +0530 Wed, 13 Feb 2013 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219842 The court dismissed the appeal, affirming the learned Company Judge's decision to admit the winding-up petition. The appellant's defense was found to be illusory, unsustainable, and barred by law. The court also highlighted the public policy principle against aiding illegal transactions and tax evasion. No costs were imposed on the appellant. Case-Laws Companies Law Wed, 31 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219842