Wednesday, 14 May 2014

HC denied deferment of advertisement of winding-up of co. as it was filled with an intent to abuse C

CL : Court cannot pass an order for winding up, unless petition is advertised and is heard thereafter; however, company can invoke inherent jurisdiction of Court under rule 9 of Court Rules, inter alia, seeking deferment or suspension of advertisement of petition in interest of justice or to prevent abuse of process of Court


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