https://www.taxtmi.com/caselaws?id=397709 The Tribunal upheld the winding-up order under Sections 241-242 of the Companies Act, 2013, due to findings of oppression and mismanagement, despite challenges on jurisdiction and delay raised by the Appellants. Allegations of siphoning funds and cheating, disputes over profit distribution, and lack of proper maintenance of records were considered, leading to the conclusion that the Respondent's actions justified the order to resolve financial issues and deadlock within the company. The appeal was dismissed without costs. en-us Thu, 12 Mar 2020 00:00:00 +0530 Thu, 27 Aug 2020 11:05:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397709 The Tribunal upheld the winding-up order under Sections 241-242 of the Companies Act, 2013, due to findings of oppression and mismanagement, despite challenges on jurisdiction and delay raised by the Appellants. Allegations of siphoning funds and cheating, disputes over profit distribution, and lack of proper maintenance of records were considered, leading to the conclusion that the Respondent's actions justified the order to resolve financial issues and deadlock within the company. The appeal was dismissed without costs. Case-Laws Companies Law Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397709