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of <h1>Winding up petition granted for Seksaria Cotton Mills Ltd. due to non-compliance and undisputed debt.</h1> The petition for winding up Seksaria Cotton Mills Ltd. was granted based on non-compliance with statutory notice and undisputed debt. The court dismissed ... Winding up – Company when deemed unable to pay its debts The petition for winding up Seksaria Cotton Mills Ltd. was granted due to non-compliance with statutory notice and undisputed debt. The court rejected the argument of the company not being commercially insolvent. The court allowed time for the company to present a scheme before advertising the petition. The labor union was not permitted to appear in the hearing.
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