https://www.taxtmi.com/caselaws?id=196518 The court dismissed the application under Section 466 of the Companies Act, citing lack of bona fides, non-compliance with statutory duties, and the need to uphold commercial morality and public interest. The petitioners were found unfit to manage the company's affairs, and the winding-up proceedings were deemed necessary to protect creditors and ensure proper investigation into the company's conduct. The application was dismissed with costs. en-us Thu, 22 May 1980 00:00:00 +0530 Mon, 04 Dec 2017 17:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196518 The court dismissed the application under Section 466 of the Companies Act, citing lack of bona fides, non-compliance with statutory duties, and the need to uphold commercial morality and public interest. The petitioners were found unfit to manage the company's affairs, and the winding-up proceedings were deemed necessary to protect creditors and ensure proper investigation into the company's conduct. The application was dismissed with costs. Case-Laws Indian Laws Thu, 22 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196518