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Worldwide Agencies (P) Ltd. And Another vs Margaret T Desor And Others on 31 August, 1989

Though Mr. Sriram Panchu, learned senior counsel for the petitioner, by relying on a decision in Worldwide Agencies P. Ltd. v. Mrs. Margaret T. Desor , would contend that the decision of the English courts are not binding in Indian courts and observation and reasoning on a pari materia provision of English Act would be valuable guide, in the light of the above referred categorical statutory provisions in the Companies Act, 1956, and in view of the admitted factual position, I am satisfied that the petitioner has effective alternative remedy, hence the winding up petition is liable to be dismissed on this ground.
Delhi High Court Cites 42 - Cited by 8 - Full Document
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