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of <h1>Appeal Dismissed: Company Court Upholds Order on Winding Up, Emphasizes Non-Payment Not Admitted Debt</h1> <h3>Shakti Prakash, Metal Finishers (P.) Ltd. Versus Hindustan Machine Tools Ltd.</h3> The High Court of Karnataka dismissed the appeal against the order declining to wind up the company, noting payments exceeding the claim. Emphasizing ... Winding up - Circumstances in which a company may be wound up The High Court of Karnataka dismissed the appeal against the order declining to wind up the company. The court found that the company had made payments exceeding the amount claimed by the appellant. The court emphasized that non-payment under a contractual agreement does not constitute an admitted debt, and the Company Court cannot act as an ordinary Civil Court. The appeal was dismissed as there was no error in the order of the Single Judge.
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