https://www.taxtmi.com/caselaws?id=100958 The court held that a winding-up petition remains maintainable even if the debt becomes time-barred by the hearing date, as long as the debt existed at the petition's presentation. The court allowed the petitioner to amend the petition to include a new ground under section 433(f) of the Companies Act, emphasizing that such amendments should be permitted to reflect the true dispute between parties. The appeals were decided in favor of the petitioner, dismissing the challenge to the maintainability of the petition and allowing the amendment to include the new ground for winding up. en-us Sat, 04 Aug 1984 00:00:00 +0530 Wed, 08 Feb 2012 10:57:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100958 The court held that a winding-up petition remains maintainable even if the debt becomes time-barred by the hearing date, as long as the debt existed at the petition's presentation. The court allowed the petitioner to amend the petition to include a new ground under section 433(f) of the Companies Act, emphasizing that such amendments should be permitted to reflect the true dispute between parties. The appeals were decided in favor of the petitioner, dismissing the challenge to the maintainability of the petition and allowing the amendment to include the new ground for winding up. Case-Laws Companies Law Sat, 04 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100958