https://www.taxtmi.com/caselaws?id=103571 Where a company admits the debt in its correspondence and does not seriously dispute liability, the statutory ground of inability to pay debts may be established. The court also treated prolonged closure of the business and the death of the directors as showing that it was impracticable to keep the company alive in the register. On those facts, winding up was ordered and the official liquidator was appointed to proceed under the Companies (Court) Rules. en-us Sat, 10 Jan 1998 00:00:00 +0530 Thu, 23 Feb 2012 17:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103571 Where a company admits the debt in its correspondence and does not seriously dispute liability, the statutory ground of inability to pay debts may be established. The court also treated prolonged closure of the business and the death of the directors as showing that it was impracticable to keep the company alive in the register. On those facts, winding up was ordered and the official liquidator was appointed to proceed under the Companies (Court) Rules. Case-Laws Companies Law Sat, 10 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103571