https://www.taxtmi.com/caselaws?id=349913 The court found it just and equitable to wind up the respondent company under relevant provisions of the Companies Act, 1956 due to fraudulent activities, inability to repay debts, and findings of fund siphoning for land purchases. Previous winding up petitions and orders against related companies were also considered, emphasizing a pattern of fraudulent conduct within the group. The court ordered the winding up of the respondent company, noting the petitioner's status as a bona fide creditor and the respondent company's failure to repay debts despite notice. en-us Thu, 26 Oct 2017 00:00:00 +0530 Fri, 27 Oct 2017 09:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349913 The court found it just and equitable to wind up the respondent company under relevant provisions of the Companies Act, 1956 due to fraudulent activities, inability to repay debts, and findings of fund siphoning for land purchases. Previous winding up petitions and orders against related companies were also considered, emphasizing a pattern of fraudulent conduct within the group. The court ordered the winding up of the respondent company, noting the petitioner's status as a bona fide creditor and the respondent company's failure to repay debts despite notice. Case-Laws Companies Law Thu, 26 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349913