https://www.taxtmi.com/caselaws?id=96689 A winding up petition must rest on a presently payable debt supported by a proper statutory demand. A claim for rent or royalties under an unregistered lease was unenforceable because the lease had not been completed by registration, so the petitioner lacked a complete title to enforce the amount as rent. The petitioner also could not sustain the petition by shifting to a different alleged debt or different lease after demanding another sum. The petition was therefore legally unsupportable because the debt relied on was not the debt properly demanded and the claimed liability was not enforceable in the form asserted. en-us Thu, 16 Aug 1934 00:00:00 +0530 Tue, 10 Jan 2012 13:06:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96689 A winding up petition must rest on a presently payable debt supported by a proper statutory demand. A claim for rent or royalties under an unregistered lease was unenforceable because the lease had not been completed by registration, so the petitioner lacked a complete title to enforce the amount as rent. The petitioner also could not sustain the petition by shifting to a different alleged debt or different lease after demanding another sum. The petition was therefore legally unsupportable because the debt relied on was not the debt properly demanded and the claimed liability was not enforceable in the form asserted. Case-Laws Companies Law Thu, 16 Aug 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96689