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2009 (9) TMI 589 - HC - Companies LawWinding up petition - Held that:- Where the petition is presented on the ground that it is just and equitable that the company should be wound up, the court may refuse to make an order of winding up if it is of opinion that some other remedy is available to the petitioners and that they are acting unreasonably in seeking to have the company wound up instead of pursuing that other remedy. Thus the Company Petition is not maintainable particularly in view of availability of other efficacious alternate remedy for the petitioners. See Hind Overseas case [1975 (10) TMI 71 - SUPREME COURT OF INDIA]
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