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2008 (7) TMI 585 - HC - Companies LawWinding up - Circumstances in which a company may be wound up - Held that:- The Court is of the view that the claim made by the petitioner company in the present winding up petition cannot be said to be an undisputed or admitted claim. It is part of family arrangement and it was the subject matter of arbitration and arbitrator’s award is pending before the Bombay High Court. In this view of the matter, merely on the basis of the petitioner’s claim, the Court cannot admit the present petition and pass the order regarding advertisement. The claim is required to be proved before the competent forum. Petition dismissed.
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