https://www.taxtmi.com/caselaws?id=311525 The Bombay HC ruled in a winding up petition under section 433(f) of the Companies Act, 1956, where the petitioner sought interim relief claiming it was just and equitable to wind up the company due to erosion of its substratum. The court held that the company court's power to pass interim orders commences immediately upon filing of the winding-up petition, not only after final hearing. The court rejected the contention that interim relief powers are limited to final hearings, establishing that urgent interim orders can be passed regardless of whether the petition is based on inability to pay debts or just and equitable grounds. The appeal was disposed of. en-us Tue, 08 Apr 2014 00:00:00 +0530 Thu, 04 Jan 2024 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311525 The Bombay HC ruled in a winding up petition under section 433(f) of the Companies Act, 1956, where the petitioner sought interim relief claiming it was just and equitable to wind up the company due to erosion of its substratum. The court held that the company court's power to pass interim orders commences immediately upon filing of the winding-up petition, not only after final hearing. The court rejected the contention that interim relief powers are limited to final hearings, establishing that urgent interim orders can be passed regardless of whether the petition is based on inability to pay debts or just and equitable grounds. The appeal was disposed of. Case-Laws Companies Law Tue, 08 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311525