Winding up petition admitted on prima facie admitted dues and non-payment, with further opportunity to deposit the amount.

A winding up petition under Sections 433 and 434 of the Companies Act, 1956 was considered on the basis of alleged admitted liability and non-payment of outstanding dues. On the material before the Court, there was prima facie indication that the respondent company had admitted the dues and was unable to pay. The petition was therefore admitted for further hearing, while the respondent company was given an additional opportunity to deposit the claimed amount and publication of the admission advertisement was deferred.

---

---

Issues: Whether the winding up petition should be admitted on the basis of the respondent company's alleged admitted liability and failure to pay the outstanding dues.

Analysis: The petition invoked Sections 433 and 434 of the Companies Act, 1956. On the material placed before it, the Court found prima facie that the respondent company had admitted the dues and was unable to make payment. The matter was therefore taken up for further hearing, while granting the respondent company a further opportunity to deposit the claimed amount and deferring publication of the admission advertisement.

Outcome: The petition was admitted and listed for final hearing, with further opportunity granted to the respondent company and advertisement deferred.

---