https://www.taxtmi.com/caselaws?id=344030 The court dismissed the winding-up petition, finding the respondent's defense credible and supported by statutory filings and other documentary evidence. The court held that the conversion of the loan into equity shares was lawful and communicated to the petitioner in a timely manner. The allegations of fraud and forgery were not substantiated, and the court declined to wind up the respondent company, citing the petitioner's failure to demand interest during a specific period as indicative of awareness of the share allotment. en-us Fri, 24 Mar 2017 00:00:00 +0530 Tue, 06 Jun 2017 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344030 The court dismissed the winding-up petition, finding the respondent's defense credible and supported by statutory filings and other documentary evidence. The court held that the conversion of the loan into equity shares was lawful and communicated to the petitioner in a timely manner. The allegations of fraud and forgery were not substantiated, and the court declined to wind up the respondent company, citing the petitioner's failure to demand interest during a specific period as indicative of awareness of the share allotment. Case-Laws Companies Law Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344030