Court Confirms Jurisdiction for Winding Up Relief in Oppression and Mismanagement Cases; Matter Sent Back for Review.

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Full Text of the Document

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....Winding Up - Oppression and mismanagement - Jurisdiction of Company Judge VS NCLT - A composite company petition is perfectly maintainable and this Court had the jurisdiction to grant the relief of winding up at the time of its preferment - impugned judgment to the extent it holds that this Court lacks jurisdiction is unsustainable - remitted to the Company Judge....