Supreme Court Dismisses Petitions in Company Law Matter — Winding Up Proceedings Revived and Sale Deed Execution Denied. The court found that the revival of winding up proceedings was justified due to unsatisfied creditors, and the agreement to sell did not constitute a fraudulent preference under Section 531 of the Companies Act, 1956....
The Supreme Court addressed two Special Leave Petitions (SLPs) filed by IDBI Bank against the High Court's judgments regarding the winding up of Kothari Orient Finance Limited (KOFL) and the execution...




