https://www.taxtmi.com/caselaws?id=100248 The court dismissed the company petition for winding up as the petitioner failed to prove the company's inability to pay its debts satisfactorily. The court found that the withdrawal of the statutory notice did not maintain the claim, and the evidence presented was insufficient to establish the company's inability to pay debts under the Companies Act. The petitioner was allowed to file a new petition after fulfilling the statutory requirements outlined in the Act. en-us Fri, 08 Oct 1982 00:00:00 +0530 Tue, 31 Jan 2012 16:58:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100248 The court dismissed the company petition for winding up as the petitioner failed to prove the company's inability to pay its debts satisfactorily. The court found that the withdrawal of the statutory notice did not maintain the claim, and the evidence presented was insufficient to establish the company's inability to pay debts under the Companies Act. The petitioner was allowed to file a new petition after fulfilling the statutory requirements outlined in the Act. Case-Laws Companies Law Fri, 08 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100248