High Court rules in favor of petitioner in Company Petition for winding up due to non-payment of debt.

The High Court of Telangana ruled in favor of the petitioner in a Company Petition for winding up the respondent due to non-payment of debt. The respondent's postdated cheques were partially encashed, with two pending. The petition was closed, allowing for revival if the pending cheques are dishonored.

---

---

The High Court of Telangana ruled in a Company Petition for winding up the respondent due to non-payment of debt. The respondent issued postdated cheques, some encashed, and two pending. The petition was closed with the option to revive if the pending cheques are dishonoured.

---