https://www.taxtmi.com/caselaws?id=102110 The High Court dismissed the winding-up petitions against the company for non-payment of debts. The petitioners failed to provide proof of serving statutory notices as required by the Companies Act, leading to the inability to invoke the deemed inability provision. Additionally, the petitioners did not sufficiently demonstrate the company's inability to pay debts, and the disputes raised by the company were considered genuine. The court emphasized the importance of complying with notice requirements and substantiating claims of a company's inability to pay debts. Each party was ordered to bear their own costs. en-us Thu, 23 May 1991 00:00:00 +0530 Mon, 13 Feb 2012 17:05:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102110 The High Court dismissed the winding-up petitions against the company for non-payment of debts. The petitioners failed to provide proof of serving statutory notices as required by the Companies Act, leading to the inability to invoke the deemed inability provision. Additionally, the petitioners did not sufficiently demonstrate the company's inability to pay debts, and the disputes raised by the company were considered genuine. The court emphasized the importance of complying with notice requirements and substantiating claims of a company's inability to pay debts. Each party was ordered to bear their own costs. Case-Laws Companies Law Thu, 23 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102110