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2010 (2) TMI 587 - HC - Companies LawWinding up petition dismissed - Held that:- No case has been made out by the petitioners to warrant any exercise for winding up of the company. Further, it is not in the interest of the entire class of the members of the company to wind up, and it cannot be opted merely at the instance of the petitioners, who have been pursuing one or the other proceedings at different stages, without any success. It only shows that the attempt on the part of the petitioners is to see that the company is put to losses at the cost of major shareholders, which is neither permissible nor sustainable under the law. Therefore, we are in entire agreement with the reasoning given by the learned Single Judge and hold that there is absolutely no justifiable or equitable grounds for the purpose of arriving at a conclusion that the respondent-company deserves to be wound up. Appeal dismissed.
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