HC orders winding-up of telecom co. which lost its substratum after quashing of 2G license by the Su

CL: Where company had lost its substratum on account of quashing of 2G licenses by Supreme Court; there was complete lack of faith and probity resulting in irretrievable breakdown between major shareholders of company; liabilities of company had far exceeded its assets; and scheme propounded by respondents was unrealistic, speculative and unworkable, it was just and equitable to wind up company under section 433(f)