2016 (3) TMI 425 - PUNJAB AND HARYANA HIGH COURT

Winding up petition - Circumstances in which company may be wound up by Court - “Just and equitable” principle - Held that:- No case is made out for winding up the respondent-company. Learned counsel for the petitioners has not been able to prove on the basis of the material and the evidence on record that it is just and equitable to make out an order for winding up the respondent-company. Consequently, finding no merit in the petition, the same is hereby dismissed.