https://www.taxtmi.com/caselaws?id=103248 Non-payment of salary, by itself, does not establish a company's inability to pay its debts for winding up under section 433(e) of the Companies Act, 1956. Salary is remuneration for services rendered and is not treated as a debt in the statutory sense required to invoke that provision. As the claim rested only on unpaid salary, the condition for winding up was not satisfied and the petition was held incompetent. en-us Fri, 10 Mar 1995 00:00:00 +0530 Tue, 21 Feb 2012 17:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103248 Non-payment of salary, by itself, does not establish a company's inability to pay its debts for winding up under section 433(e) of the Companies Act, 1956. Salary is remuneration for services rendered and is not treated as a debt in the statutory sense required to invoke that provision. As the claim rested only on unpaid salary, the condition for winding up was not satisfied and the petition was held incompetent. Case-Laws Companies Law Fri, 10 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103248