Machinery of winding up should not be allowed to be utilised merely as a means of realizing its debts

HIGH COURT OF DELHI PLD International (P.)Ltd. Versus Reebok India Co. CO. PET. NO. 612 OF 2012 JANUARY 4, 2013 ORDER 1. By this petition under Section 433 of the Companies Act, 1956 (‘Act’), the Petitioner, PLD International Pvt. Ltd., seeks the winding up of the Respondent M/s. Reebok India Company. 2. The case of the Petitioner is that in terms of an agreement dated 26th April, 2010 entered into between the parties, a copy of which agreement is enclosed with this petition as Annexure P-2, the Petitioner gave on rent to the Respondent the ground floor of the prop...