https://www.taxtmi.com/caselaws?id=102305 The court found in favor of the petitioner in a dispute over a debt owed by the respondent. Despite the respondent's objections regarding the notice of demand and alleged fabrication of documents, the court deemed them baseless. The court also noted the respondent's cessation of business operations and transfer of assets, presuming their inability to pay debts. The court allowed the petitioner to pursue interest through a civil suit if the principal amount was paid, ultimately admitting the petition and directing publication of citations unless the principal amount was settled within a specified period. en-us Tue, 20 Apr 1993 00:00:00 +0530 Tue, 14 Feb 2012 13:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102305 The court found in favor of the petitioner in a dispute over a debt owed by the respondent. Despite the respondent's objections regarding the notice of demand and alleged fabrication of documents, the court deemed them baseless. The court also noted the respondent's cessation of business operations and transfer of assets, presuming their inability to pay debts. The court allowed the petitioner to pursue interest through a civil suit if the principal amount was paid, ultimately admitting the petition and directing publication of citations unless the principal amount was settled within a specified period. Case-Laws Companies Law Tue, 20 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102305