https://www.taxtmi.com/caselaws?id=101806 An ex-employee's attempt to present a winding up petition for unpaid compensation is not maintainable because a claim for loss of office must be converted into an actionable debt by either a company determination in general meeting or a civil court decree; the declaratory power allowing companies to compensate employees does not empower the court to quantify such compensation for winding up purposes. No company meeting resolution or civil decree was produced and admitted arrears were paid after presentation; accordingly the winding up petition was dismissed. en-us Fri, 08 Sep 1989 00:00:00 +0530 Sat, 11 Feb 2012 12:03:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101806 An ex-employee's attempt to present a winding up petition for unpaid compensation is not maintainable because a claim for loss of office must be converted into an actionable debt by either a company determination in general meeting or a civil court decree; the declaratory power allowing companies to compensate employees does not empower the court to quantify such compensation for winding up purposes. No company meeting resolution or civil decree was produced and admitted arrears were paid after presentation; accordingly the winding up petition was dismissed. Case-Laws Companies Law Fri, 08 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101806