https://www.taxtmi.com/caselaws?id=297711 Temporary suspension of business did not justify winding up where the suspension was explained by wartime conditions and did not show a real intention to stop carrying on business. Internal dissension and deadlock among the managing brothers also did not establish the just and equitable ground, because the company's affairs could still be managed and the Court would intervene only on a clear case for compulsory winding up. The company's substratum had not disappeared, as its memorandum authorised a wide range of shipping and transport activities and the temporary loss of particular operating assets did not make its objects impossible to achieve. Compulsory winding up was therefore not warranted. en-us Thu, 12 Feb 1920 00:00:00 +0530 Sat, 18 Sep 2021 17:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297711 Temporary suspension of business did not justify winding up where the suspension was explained by wartime conditions and did not show a real intention to stop carrying on business. Internal dissension and deadlock among the managing brothers also did not establish the just and equitable ground, because the company's affairs could still be managed and the Court would intervene only on a clear case for compulsory winding up. The company's substratum had not disappeared, as its memorandum authorised a wide range of shipping and transport activities and the temporary loss of particular operating assets did not make its objects impossible to achieve. Compulsory winding up was therefore not warranted. Case-Laws Companies Law Thu, 12 Feb 1920 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297711