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Companies Law - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Winding up petition - machinery for winding up will not be ...

Companies Law

April 27, 2016

Winding up petition - machinery for winding up will not be allowed to utilize merely as a means for realizing its debts due from a company - HC

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  1. Winding up petition - the machinery of winding up should not be allowed to be utilised merely as a means of realizing its debts. - HC

  2. Winding up of company - Dues not paid - winding up petition is not a legitimate means of seeking to enforce payment of the debt which is bona fide disputed by the company - HC

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  7. Winding up petition - recovery of debt - An effort was made to mislead the Company Judge - The petition for winding up shall stand admitted - HC

  8. Winding up of the respondent company seeked - It is well settled that proceeding for winding up, is not a proceeding for the recovery of outstanding dues. Nor for that...

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