https://www.taxtmi.com/caselaws?id=101978 The court upheld the company judge's decision in the case involving Mahalakshmi Sugar Mills Co. Ltd. and Straw Board Manufacturing Company Limited. Straw Board's appeal was dismissed, affirming their liability to pay the outstanding amount. The court directed Straw Board to pay Rs. 3,37,167.56 within one month, failing which the winding-up petition would proceed. Despite Straw Board's arguments regarding financial stability and willingness to pay, the court found their defense to be an afterthought and maintained the order for winding up unless the specified payment was made within the given timeframe. en-us Tue, 11 Sep 1990 00:00:00 +0530 Mon, 13 Feb 2012 13:09:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101978 The court upheld the company judge's decision in the case involving Mahalakshmi Sugar Mills Co. Ltd. and Straw Board Manufacturing Company Limited. Straw Board's appeal was dismissed, affirming their liability to pay the outstanding amount. The court directed Straw Board to pay Rs. 3,37,167.56 within one month, failing which the winding-up petition would proceed. Despite Straw Board's arguments regarding financial stability and willingness to pay, the court found their defense to be an afterthought and maintained the order for winding up unless the specified payment was made within the given timeframe. Case-Laws Companies Law Tue, 11 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101978