https://www.taxtmi.com/caselaws?id=99082 Repeated acknowledgements of liability in a company's balance-sheets and correspondence were treated as sufficient to support a prima facie debt claim in winding-up proceedings. The company's denial of the debt was found not bona fide or reasonable, so the petition was not stayed or dismissed on that ground. The limitation objection was rejected because the proceeding was not a suit for enforcement of mortgage security, and the acknowledgements extended limitation. The pending suit at Darjeeling and the earlier advertisement order did not bar the application, and the winding-up petition was allowed to proceed. en-us Thu, 13 May 1971 00:00:00 +0530 Wed, 25 Jan 2012 11:14:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99082 Repeated acknowledgements of liability in a company's balance-sheets and correspondence were treated as sufficient to support a prima facie debt claim in winding-up proceedings. The company's denial of the debt was found not bona fide or reasonable, so the petition was not stayed or dismissed on that ground. The limitation objection was rejected because the proceeding was not a suit for enforcement of mortgage security, and the acknowledgements extended limitation. The pending suit at Darjeeling and the earlier advertisement order did not bar the application, and the winding-up petition was allowed to proceed. Case-Laws Companies Law Thu, 13 May 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99082