https://www.taxtmi.com/caselaws?id=279807 The court dismissed the Company Petition seeking the winding up of M/s Prestige City Developers Private Limited under Section 433(e) of the Companies Act, 1956. The petitioner's claims of financial obligations and mismanagement were refuted by the respondent company, emphasizing adherence to accounting principles. The court found the company had made efforts to repay the petitioner, offering flats which were refused, indicating the company's ability to pay debts. The petition was dismissed, advising the petitioner to pursue other legal remedies for recovery, and the interim order restraining property alienation was lifted, with no costs awarded. en-us Thu, 17 May 2018 00:00:00 +0530 Sat, 06 Apr 2019 05:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279807 The court dismissed the Company Petition seeking the winding up of M/s Prestige City Developers Private Limited under Section 433(e) of the Companies Act, 1956. The petitioner's claims of financial obligations and mismanagement were refuted by the respondent company, emphasizing adherence to accounting principles. The court found the company had made efforts to repay the petitioner, offering flats which were refused, indicating the company's ability to pay debts. The petition was dismissed, advising the petitioner to pursue other legal remedies for recovery, and the interim order restraining property alienation was lifted, with no costs awarded. Case-Laws Companies Law Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279807