https://www.taxtmi.com/caselaws?id=194539 The court dismissed the appeals and upheld the Company Court's decision to refuse the winding-up petitions. The petitioning creditor was directed to seek a civil remedy, as the respondent companies raised a plausible defense. The court found no fault in relegating the petitioning creditor to a civil remedy, excluding the appeal period for limitation calculations under the Limitation Act, 1963. en-us Mon, 14 Mar 2016 00:00:00 +0530 Tue, 12 Sep 2017 21:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194539 The court dismissed the appeals and upheld the Company Court's decision to refuse the winding-up petitions. The petitioning creditor was directed to seek a civil remedy, as the respondent companies raised a plausible defense. The court found no fault in relegating the petitioning creditor to a civil remedy, excluding the appeal period for limitation calculations under the Limitation Act, 1963. Case-Laws Companies Law Mon, 14 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194539