https://www.taxtmi.com/caselaws?id=96538 A winding up petition fails where the statutory notice is not shown to have been duly served and the alleged debts remain bona fide disputed. The court held that the petitioners could not rely on the presumption of inability to pay, as the attorneys' claim was disputed and the consent-decree claim was doubtful against a company not in existence when the decree was made. On the just and equitable ground, failure of a family arrangement alone was insufficient; the company's substratum had not disappeared, the estate remained in existence and possession, and no true deadlock was shown. The company was therefore not ordered to be wound up. en-us Mon, 04 Aug 1930 00:00:00 +0530 Mon, 09 Jan 2012 11:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96538 A winding up petition fails where the statutory notice is not shown to have been duly served and the alleged debts remain bona fide disputed. The court held that the petitioners could not rely on the presumption of inability to pay, as the attorneys' claim was disputed and the consent-decree claim was doubtful against a company not in existence when the decree was made. On the just and equitable ground, failure of a family arrangement alone was insufficient; the company's substratum had not disappeared, the estate remained in existence and possession, and no true deadlock was shown. The company was therefore not ordered to be wound up. Case-Laws Companies Law Mon, 04 Aug 1930 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96538