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2017 (5) TMI 1321 - HC - Companies LawPetition for winding up - Held that:- There are serious disputes between the parties with regard to their rights and liabilities, as mentioned above, the parties have already taken recourse to the arbitration proceedings, therefore, the parties should settle their disputes before the Arbitral Tribunal. The winding up petition is not the right remedy for settling the dispute between the parties. For, a winding up proceeding is a summary proceeding, wherein this court is not expected to hold a mini-trial. Therefore, for the reasons stated above, this winding up petition is devoid of any merit. It is, hereby, dismissed.
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