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of <h1>Petition Granted: Company Owes Over Rs. 500 for Dishonored Cheques</h1> The petition was made absolute in favor of the petitioner as the company did not contest the proceedings, and the petitioner was found to be justly owed ... Winding up - Circumstances in which a company may be wound up The petitioner supplied goods to the company, which issued nine dishonored cheques. Statutory notice was served on the company. The company did not contest the proceedings, and the petitioner was found to be justly owed over Rs. 500. The petition was made absolute in favor of the petitioner.
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