Court orders winding up of company under Companies Act, 1956 due to non-payment of dues.

The court admitted the Company Petition for winding up the respondent company under The Companies Act, 1956, due to non-payment of dues amounting to Rs. 1,26,79,064 as of October 31, 2010. Despite various attempts by the petitioner and non-defensive actions by the respondent, the court found the respondent company unable to pay its debts, ordering the winding up process to proceed.

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Issues involved: Winding up of a company u/s The Companies Act, 1956 due to non-payment of dues by the respondent company.

Summary:
The petitioner sought winding up of the respondent company, alleging non-payment for goods supplied. Despite reminders and dishonoured cheques, the respondent failed to pay. The petitioner issued notices, but the respondent alleged delays and short supply. After a statutory notice, the respondent refused to accept it. The petitioner filed a Company Petition, proving service on the respondent. An amount of Rs. 1,26,79,064 was due as of October 31, 2010. The respondent failed to pay, refused the statutory notice, and did not defend the petition. The court found the company unable to pay its debts and admitted the Company Petition, ordering its advertisement and depositing a publication charge. The order was to be forwarded to the respondent company's registered office.

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