https://www.taxtmi.com/caselaws?id=195512 The Bombay High Court upheld the Company Judge's decision, dismissing the appeal seeking a permanent stay of the winding-up order for Svadeshi Mills Company Limited. The court found that the proposed revival plan by the appellants did not genuinely revive the company's original business, contravening commercial morality and public interest. The court emphasized the importance of considering the interests of creditors, workmen, and shareholders in such matters. The appeal was dismissed, with no costs awarded. en-us Fri, 23 Aug 2013 00:00:00 +0530 Thu, 02 Nov 2017 14:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195512 The Bombay High Court upheld the Company Judge's decision, dismissing the appeal seeking a permanent stay of the winding-up order for Svadeshi Mills Company Limited. The court found that the proposed revival plan by the appellants did not genuinely revive the company's original business, contravening commercial morality and public interest. The court emphasized the importance of considering the interests of creditors, workmen, and shareholders in such matters. The appeal was dismissed, with no costs awarded. Case-Laws Companies Law Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195512