https://www.taxtmi.com/caselaws?id=102608 Before admitting and advertising a winding-up petition against a going concern, the company court must conduct a summary pre-admission enquiry and record prima facie findings on debt, limitation, the bona fides of the defence, and commercial insolvency. The court distinguished going concerns from defunct companies, for which a more limited prima facie showing may suffice. It also stated that the pre-admission order must be sufficiently speaking to show what material was considered and why the prima facie view was reached, though it need not be as detailed as a final judgment. The exercise remains tentative and does not determine the merits finally. en-us Wed, 17 Aug 1994 00:00:00 +0530 Wed, 15 Feb 2012 15:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102608 Before admitting and advertising a winding-up petition against a going concern, the company court must conduct a summary pre-admission enquiry and record prima facie findings on debt, limitation, the bona fides of the defence, and commercial insolvency. The court distinguished going concerns from defunct companies, for which a more limited prima facie showing may suffice. It also stated that the pre-admission order must be sufficiently speaking to show what material was considered and why the prima facie view was reached, though it need not be as detailed as a final judgment. The exercise remains tentative and does not determine the merits finally. Case-Laws Companies Law Wed, 17 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102608