https://www.taxtmi.com/caselaws?id=356858 The court held that the Option Agreement was valid and enforceable as a guarantee, rejecting the appellant's claim of termination. The court determined that the appellant's attempt to unilaterally terminate the agreement was ineffective due to specific termination conditions not being met. Additionally, the court found the winding-up proceedings appropriate based on the agreement, dismissing the appeal and setting the petition for final hearing while rejecting the appellant's request for a stay on the judgment. en-us Mon, 12 Mar 2018 00:00:00 +0530 Tue, 13 Mar 2018 21:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356858 The court held that the Option Agreement was valid and enforceable as a guarantee, rejecting the appellant's claim of termination. The court determined that the appellant's attempt to unilaterally terminate the agreement was ineffective due to specific termination conditions not being met. Additionally, the court found the winding-up proceedings appropriate based on the agreement, dismissing the appeal and setting the petition for final hearing while rejecting the appellant's request for a stay on the judgment. Case-Laws Companies Law Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356858