Central Bank Of India vs Sukhani Mining And Engineering ... on 22 April, 1976
In the decision in Central Bank of India v. Sukhani Mining and Engineering Industries P. Ltd. [1977] 47 Comp Cas 1, a single judge of the Patna High Court has held that winding up proceedings is not merely for the benefit of the petitioner but for all shareholders, creditors or contri-butories of the company and, therefore, winding up proceedings could not be stayed or dismissed merely because the creditor has filed a suit against the company.