https://www.taxtmi.com/caselaws?id=103141 Where a winding-up order is based on a creditor's petition, the court may recall it if the company is able to discharge its debts and no other creditor appears in support of winding up. On the facts noted, the notice was issued for non-payment of goods supplied, but the company stated it could pay its liabilities and the petition lacked wider creditor support. The winding-up order was therefore recalled and the company petition dismissed as withdrawn. en-us Wed, 23 Oct 1991 00:00:00 +0530 Mon, 20 Feb 2012 18:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103141 Where a winding-up order is based on a creditor's petition, the court may recall it if the company is able to discharge its debts and no other creditor appears in support of winding up. On the facts noted, the notice was issued for non-payment of goods supplied, but the company stated it could pay its liabilities and the petition lacked wider creditor support. The winding-up order was therefore recalled and the company petition dismissed as withdrawn. Case-Laws Companies Law Wed, 23 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103141