https://www.taxtmi.com/caselaws?id=103429 The court rejected the winding-up petitions against Trend Designs Ltd., finding the company's defense genuine and substantial. Despite the rejection, the court directed the company to provide a bank guarantee for the disputed amounts to address the petitioners' concerns about the company's ability to meet its liabilities. The court determined that the company was financially sound and capable of meeting its obligations, based on its commercial solvency and financial statements. en-us Thu, 22 May 1997 00:00:00 +0530 Wed, 22 Feb 2012 17:48:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103429 The court rejected the winding-up petitions against Trend Designs Ltd., finding the company's defense genuine and substantial. Despite the rejection, the court directed the company to provide a bank guarantee for the disputed amounts to address the petitioners' concerns about the company's ability to meet its liabilities. The court determined that the company was financially sound and capable of meeting its obligations, based on its commercial solvency and financial statements. Case-Laws Companies Law Thu, 22 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103429