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<h1>Substitution granted in winding-up petition against Stepan Chemicals allowing another creditor to pursue</h1> <h3>Stepan Chemicals Ltd., In re</h3> The High Court allowed the application for substitution of petitioners as creditors in a winding-up petition against M/s. Stepan Chemicals Ltd. Permission ... Company when deemed unable to pay its debts The High Court allowed the application for substitution of petitioners as creditors in a winding-up petition against M/s. Stepan Chemicals Ltd. The court held that permission can be granted even after the main petition is dismissed if another creditor wishes to pursue the case. The petitioners were directed to file the amended petition by January 31, 1986.