https://www.taxtmi.com/caselaws?id=369905 The court dismissed the winding up petition due to insufficient evidence of debt, lack of clarity on liability, and the decision of the newly elected management to withdraw the petition. The court also declined the transfer of proceedings to the NCLT, emphasizing the need to expedite proceedings based on merit. en-us Thu, 11 Oct 2018 00:00:00 +0530 Mon, 05 Nov 2018 11:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369905 The court dismissed the winding up petition due to insufficient evidence of debt, lack of clarity on liability, and the decision of the newly elected management to withdraw the petition. The court also declined the transfer of proceedings to the NCLT, emphasizing the need to expedite proceedings based on merit. Case-Laws Companies Law Thu, 11 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369905