Winding up petition cannot be rejected on the ground that net worth of respondent-company is positive

HIGH COURT OF ANDHRA PRADESH SBI Global Factors Ltd. V/s. Suryachakra Power Corporation Ltd. Co. Petition No. 154 of 2011 March 5, 2012 JUDGMENT 1. This petition, seeking winding up of the respondent-company, is filed under section 433(e) and (f) read with section 439 of the Companies Act, 1956 (for short “the Act”) and rule 95 of the Companies (Court) Rules, 1959. 2. The petitioner is a subsidiary of the State Bank of India (SBI) and is a company incorporated under the Act. On its amalgamation with the SBI Factors and Commercial Services P. Ltd., a fresh certifica...