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2014 (4) TMI 1298 - BOMBAY HIGH COURTWinding up under section 433(f) of the Companies Act, 1956 - petitioner contended that it is just and equitable to wind up the company, inter-alia, on the ground that the substratum of the company has almost completely been eroded - seeking grant of interim relief - HELD THAT:- The power of the company court to pass interim orders commences from the time the petition for winding-up is presented/lodged/filed. There are cases where it is necessary to pass urgent interim orders the moment the petition is filed. This would be so irrespective of whether the petition for winding up is on the ground that the company is unable to pay its dues or on the ground that it is just and equitable to do so. The contention that power of the company court to pass interim relief is only when the company petition is finally heard is rejected. The power of the company court to grant interim reliefs commences upon the presentation of the petition itself. Appeal disposed off.
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