https://www.taxtmi.com/caselaws?id=99154 Winding-up relief based on inability to pay debts is examined: while a winding-up petition is a recognised mode of execution for recovery of a just debt, its grant depends on equitable considerations and judicial discretion, so proof of inability to pay does not automatically entitle a petitioner to winding up. The analysis notes admitted partial payments, repeated offers and tenders to pay, a separate bank suit in existence, and disputes over the precise debt amount and contractual interest; on these factual and equitable grounds the petition for winding up was dismissed and no winding-up order was made. en-us Thu, 08 Aug 1974 00:00:00 +0530 Wed, 25 Jan 2012 13:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99154 Winding-up relief based on inability to pay debts is examined: while a winding-up petition is a recognised mode of execution for recovery of a just debt, its grant depends on equitable considerations and judicial discretion, so proof of inability to pay does not automatically entitle a petitioner to winding up. The analysis notes admitted partial payments, repeated offers and tenders to pay, a separate bank suit in existence, and disputes over the precise debt amount and contractual interest; on these factual and equitable grounds the petition for winding up was dismissed and no winding-up order was made. Case-Laws Companies Law Thu, 08 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99154