https://www.taxtmi.com/caselaws?id=291871 Serious loss of confidence in a company's management may support winding up on the just and equitable ground where the materials suggest lack of probity, dominant control by one group, transactions benefiting connected persons, irregular balance-sheet and directors' report circulation, and disputed dividend payments. On those facts, the Court found sufficient material to require a defence from the respondents. The dismissal of the winding-up petition was set aside, and the matter was allowed to proceed for the respondents' answer on the merits. en-us Wed, 05 Nov 1924 00:00:00 +0530 Fri, 27 Nov 2020 10:26:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291871 Serious loss of confidence in a company's management may support winding up on the just and equitable ground where the materials suggest lack of probity, dominant control by one group, transactions benefiting connected persons, irregular balance-sheet and directors' report circulation, and disputed dividend payments. On those facts, the Court found sufficient material to require a defence from the respondents. The dismissal of the winding-up petition was set aside, and the matter was allowed to proceed for the respondents' answer on the merits. Case-Laws Companies Law Wed, 05 Nov 1924 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291871