https://www.taxtmi.com/caselaws?id=307183 Section 271(c) of the Companies Act, 2013 is explained as permitting winding up where the company's formation or conduct is shown to be fraudulent or unlawful. The text states that the Tribunal may independently examine the underlying agreement and related transactions, even if they are described as private arrangements or are the subject of parallel proceedings. It further notes that limitation may run from discovery of the fraud, that estoppel does not bar a fraud plea, and that non-advertisement of the petition is not fatal where no prejudice is shown and the Tribunal dispenses with the requirement on the facts. en-us Wed, 08 Sep 2021 00:00:00 +0530 Fri, 24 Mar 2023 09:41:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307183 Section 271(c) of the Companies Act, 2013 is explained as permitting winding up where the company's formation or conduct is shown to be fraudulent or unlawful. The text states that the Tribunal may independently examine the underlying agreement and related transactions, even if they are described as private arrangements or are the subject of parallel proceedings. It further notes that limitation may run from discovery of the fraud, that estoppel does not bar a fraud plea, and that non-advertisement of the petition is not fatal where no prejudice is shown and the Tribunal dispenses with the requirement on the facts. Case-Laws Companies Law Wed, 08 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307183