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2018 (11) TMI 196 - HC - Companies LawWinding up petition - petitioner (minor shareholder) contended that the respondent company is unable to fulfil the objects for which it was incorporated. - grievance of mismanagement or oppression - Held that:- the bonafide of the petitioner is in doubt. He is a minority share holder and seems to be only interested in liquidating the company so that he liquidate his shares. - Winding up is a discretionary relief and cannot be used for a collateral purpose. In case the petitioner has a grievance of mismanagement or oppression of minority share holders he has a remedy to approach NCLT under the appropriate provisions of law. In opinion, thereof no grounds are made out for this court to pass a winding up order against the respondent company. The substratum of the company has not gone. The company is making a profit. The petition is without merit.
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