1975 (10) TMI 71 - SC - Companies Law

Scope of section 433(f) of the Companies Act, 1956 (briefly "the Act"), and in particular whether the principles applicable in the case of dissolution of partnership could be invoked in the case of the company?

Held that:- Appeal is allowed with costs. The judgment of the Division Bench is set aside. The winding-up petition stands dismissed and the stay petition of the appellant is allowed. Failure to convince us that the conclusion of the Division Bench that the company is in substance a partnership, is correct.