Bombay High Court Allows Winding Up Petition to Proceed Despite Pending Arbitration — Arbitration Does Not Bar Winding Up Proceedings Under Section 439 of Companies Act, 1956. The Court held that winding up proceedings are independent of arbitration and the Company Court must consider the petition on its merits without postponement due to arbitration.
29 Jan 2016The appellant, M/s. Corporate Ispat Alloys Ltd., filed a winding up petition under Section 439 of the Companies Act, 1956 against the respondent, M/s....
