https://www.taxtmi.com/caselaws?id=101924 The court found in favor of the petitioning creditor, directing the company to pay all outstanding dues with interest in monthly instalments. Failure to comply would result in the winding up of the company. The court emphasized the company's lack of bona fide defense and dilatory tactics, giving one final opportunity for payment before liquidation proceedings would commence. en-us Tue, 05 Dec 1989 00:00:00 +0530 Mon, 13 Feb 2012 12:00:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101924 The court found in favor of the petitioning creditor, directing the company to pay all outstanding dues with interest in monthly instalments. Failure to comply would result in the winding up of the company. The court emphasized the company's lack of bona fide defense and dilatory tactics, giving one final opportunity for payment before liquidation proceedings would commence. Case-Laws Companies Law Tue, 05 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101924