https://www.taxtmi.com/caselaws?id=426420 The court set aside the order admitting the winding-up petition under the Companies Act, 1956. The appellant was directed to deposit a specified amount with the court registry for investment in an interest-bearing Fixed Deposit Receipt. The deposited amount would be subject to the outcome of arbitration proceedings against Webel Technology Ltd. Additionally, if the Official Liquidator had not incurred expenses for citation, the amount deposited by the respondent was to be refunded. en-us Fri, 22 Jul 2022 00:00:00 +0530 Sat, 20 Aug 2022 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426420 The court set aside the order admitting the winding-up petition under the Companies Act, 1956. The appellant was directed to deposit a specified amount with the court registry for investment in an interest-bearing Fixed Deposit Receipt. The deposited amount would be subject to the outcome of arbitration proceedings against Webel Technology Ltd. Additionally, if the Official Liquidator had not incurred expenses for citation, the amount deposited by the respondent was to be refunded. Case-Laws Companies Law Fri, 22 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426420