https://www.taxtmi.com/caselaws?id=369853 The court dismissed the petition seeking the winding up of the respondent company under Section 433(c) of the Companies Act, 1956. The court found that the company was profitable and that the petitioner's primary intention seemed to be liquidating shareholdings rather than genuine concerns over company operations. Emphasizing the possibility of the company's revival and the discretionary nature of winding-up orders, the court concluded that there were no grounds for passing a winding-up order, leading to the dismissal of the petition. en-us Fri, 05 Oct 2018 00:00:00 +0530 Sat, 03 Nov 2018 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369853 The court dismissed the petition seeking the winding up of the respondent company under Section 433(c) of the Companies Act, 1956. The court found that the company was profitable and that the petitioner's primary intention seemed to be liquidating shareholdings rather than genuine concerns over company operations. Emphasizing the possibility of the company's revival and the discretionary nature of winding-up orders, the court concluded that there were no grounds for passing a winding-up order, leading to the dismissal of the petition. Case-Laws Companies Law Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369853