1989 (2) TMI 327 - HC - Companies Law

Summary

The court rejected the request for substitution in a winding-up petition as the applicants' claim was questionable and there was a dispute with the company. The company had paid all its creditors in full. The court exercised its discretion and declined the substitution. The main petition was to be placed before the court for further orders. (Citation: 1989 (2) TMI 327 - HIGH COURT OF BOMBAY)