https://www.taxtmi.com/caselaws?id=199620 Winding up on just and equitable grounds is a last-resort remedy under the Companies Act, 1956, and should not be ordered where the dispute is essentially about management or where other remedies are more appropriate. On the material examined, the Delhi HC found no circumstances justifying the extreme step of closing the company by court order, and no case for winding up was made out. en-us Wed, 01 Nov 1995 00:00:00 +0530 Wed, 07 Mar 2018 18:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199620 Winding up on just and equitable grounds is a last-resort remedy under the Companies Act, 1956, and should not be ordered where the dispute is essentially about management or where other remedies are more appropriate. On the material examined, the Delhi HC found no circumstances justifying the extreme step of closing the company by court order, and no case for winding up was made out. Case-Laws Indian Laws Wed, 01 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199620