https://www.taxtmi.com/caselaws?id=293183 The court dismissed the petition for winding up the company under Section 439 of the Indian Companies Act, 1956. It found that the company could still pursue new ventures despite the expiration of its license and government takeover of electric undertakings. Additionally, the court determined that the alleged disputes between shareholders did not constitute a management deadlock. Consequently, the petitioners' claims regarding the failure of the company's main object and oppressive conduct were not substantiated, leading to the dismissal of the winding-up petition with costs. en-us Fri, 09 Dec 1960 00:00:00 +0530 Thu, 28 Jan 2021 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293183 The court dismissed the petition for winding up the company under Section 439 of the Indian Companies Act, 1956. It found that the company could still pursue new ventures despite the expiration of its license and government takeover of electric undertakings. Additionally, the court determined that the alleged disputes between shareholders did not constitute a management deadlock. Consequently, the petitioners' claims regarding the failure of the company's main object and oppressive conduct were not substantiated, leading to the dismissal of the winding-up petition with costs. Case-Laws Companies Law Fri, 09 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293183