Dishonoured cheque and unanswered demand notice supported admission of a winding-up petition for unpaid loan liability.

An unpaid loan claim supported by an account-payee cheque, dishonour of that cheque, and an unanswered statutory demand notice justified admission of the winding-up petition. The company entered no opposition despite notice, leaving no defence to the petitioning creditor's claim. The petition was admitted for the principal debt with interest, and the creditor was given liberty to recover the balance if instalment payments were not made.

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Issues: Whether the winding-up petition based on the unpaid loan amount and dishonoured cheque should be admitted.

Analysis: The claim was supported by an account-payee cheque issued by the company, which was dishonoured, and the statutory notice of demand remained unanswered. No opposition was entered despite notice. On these facts, the company was found to have no defence to the petitioning creditor's claim.

Conclusion: The winding-up petition was admitted for the principal amount with interest, and the petitioner was granted liberty to recover the balance in default of instalment payments.

Final Conclusion: The petition succeeded and the company was directed to satisfy the admitted liability, failing which recovery steps could be taken.

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