https://www.taxtmi.com/caselaws?id=286497 The court granted leave to withdraw the winding up petition under section 483 of the Companies Act, 1956, due to settlement between parties and the company's ongoing operations. Safeguards were imposed, such as public advertisement of the settlement, reporting to the Registrar of Companies, and filing an affidavit of compliance. Failure to comply would result in further orders. The appeal and main petition were disposed of without costs awarded, emphasizing the importance of court permission for withdrawal of winding up petitions even after settlement. en-us Mon, 28 Feb 2000 00:00:00 +0530 Sat, 29 Feb 2020 17:21:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286497 The court granted leave to withdraw the winding up petition under section 483 of the Companies Act, 1956, due to settlement between parties and the company's ongoing operations. Safeguards were imposed, such as public advertisement of the settlement, reporting to the Registrar of Companies, and filing an affidavit of compliance. Failure to comply would result in further orders. The appeal and main petition were disposed of without costs awarded, emphasizing the importance of court permission for withdrawal of winding up petitions even after settlement. Case-Laws Companies Law Mon, 28 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286497