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2009 (10) TMI 533 - HC - Companies LawWinding up - company petition was presented on the premise that in respect of certain commission due to the petitioner-company - learned Company Judge had ordered the parties to appear before the Bangalore Mediation Centre on 15-10-2009 Held that:- Reference to the manner in which shareholding pattern was changed, the manner in which the shareholding in the company was transferred to other companies and several subsidiaries and also acquired substantial shareholding in the appellant-company as to how one outsider was controlling the whole thing while not having the name of the appellant-company and on such circumstances what was noticed by the learned Company Judge being prima facie material of evasive method being resorted to by the company was satisfied about the transactions being not bona fide and therefore the learned Company Judge thought it fit to admit the petition. No perversity nor any illegality in the impugned order passed by the learned Company Judge, more so, when the company petitioner had approached the Court for seeking an order to wind up the affairs of the appellant-company on the twin grounds as noticed earlier, we do not find any material in this appeal even for admission and it is accordingly dismissed at the admission stage.
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