https://www.taxtmi.com/caselaws?id=96978 A company may be subjected to compulsory winding-up where the pleadings and proof show an inability to pay substantial tax debts, including failure to satisfy an admitted liability despite repeated demands. A mere dispute over the quantum of assessment does not negate that inability if the debt remains legally recoverable. Pending appeal, reference, or other challenge to the tax assessment does not by itself bar or postpone winding-up proceedings, and such a petition is not an abuse of process where insolvency is established and the liability is not required to be first reduced to judgment in a civil suit. en-us Fri, 05 Mar 1948 00:00:00 +0530 Fri, 13 Jan 2012 15:07:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96978 A company may be subjected to compulsory winding-up where the pleadings and proof show an inability to pay substantial tax debts, including failure to satisfy an admitted liability despite repeated demands. A mere dispute over the quantum of assessment does not negate that inability if the debt remains legally recoverable. Pending appeal, reference, or other challenge to the tax assessment does not by itself bar or postpone winding-up proceedings, and such a petition is not an abuse of process where insolvency is established and the liability is not required to be first reduced to judgment in a civil suit. Case-Laws Companies Law Fri, 05 Mar 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96978