Please answer my query about the Winding up of companies
10-Sep-2023 (In Corporate Law)
In case of winding up filed against a builder, is the case maintainable if the investors have formed a registered association and then filed a winding up case for non-payment of assured returns. We have succeeded so far in proving liability from builder's end as well his malafide acts, to which the Delhi High Court Judge agrees to. The only question remains maintainability issue. He is asking for any winding up case example being maintained wherein an association has filed a petition instead individually.
Can certainly help you with the research and case law. Do get in touch for further action. This will take up substantial time for coming up with the adequate judgments in this regard. The concept of class action has been introduced by the new Companies Act.
Yes the case is very much maintainable and you shall consult your lawyer he shall present a court precedent proving your point in the court on account of case maintainbilty.
What is scenario of building development has he has built building successfully and offering you possession or just the issue of assure return.
What is scenario of building development has he has built building successfully and offering you possession or just the issue of assure return.
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