Tuesday 31 March 2015

HC dismissed winding-up plea as Co. was solvent and giving livelihood to more than 6,000 employees

CL: Petition filed by petitioner, being a trustee of bond-holders, for winding up respondent-company could not be admitted as respondent-company was working and giving direct source of livelihood to more than 6,000 employees and its assets were more than its liability and even if debt was admitted, bona fide of respondent-company to revive same and pay of debts could not be doubted


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