https://www.taxtmi.com/caselaws?id=101748 The court held that the statutory notice under Section 434(1)(a) of the Companies Act was valid despite mentioning a period shorter than 21 days. The company's failure to pay the dues within the extended period of 55 days supported the creditor's petition for winding up. The court ordered the company to pay the principal sum in monthly installments with interest and costs. Failure to comply with the payment schedule would allow the creditor to execute the order as a court decree, with the winding-up petition staying permanently if payments were made as directed. en-us Fri, 22 Apr 1988 00:00:00 +0530 Fri, 10 Feb 2012 18:32:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101748 The court held that the statutory notice under Section 434(1)(a) of the Companies Act was valid despite mentioning a period shorter than 21 days. The company's failure to pay the dues within the extended period of 55 days supported the creditor's petition for winding up. The court ordered the company to pay the principal sum in monthly installments with interest and costs. Failure to comply with the payment schedule would allow the creditor to execute the order as a court decree, with the winding-up petition staying permanently if payments were made as directed. Case-Laws Companies Law Fri, 22 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101748