NCLT Hyderabad dismissed Sri Balaji Associates' petition seeking winding up of Madhcon Projects Ltd.
Petition was originally filed in 2015 under Companies Act 1956 and transferred to NCLT in 2024.
Tribunal found no justification for winding up on grounds of inability to pay debts or just and equitable grounds.
Petition was dismissed as infructuous following earlier dismissal of related insolvency plea due to pre-existing dispute.