https://www.taxtmi.com/caselaws?id=103715 The court addressed issues regarding winding-up petitions for private limited companies. It determined that the impugned order lacked statutory safeguards and clarified that a winding-up petition is not a mode for debt recovery, especially when the debt is disputed. The court emphasized the judge's discretion in ordering advertisement and highlighted the ability to suspend advertisement pending a petition revocation application. The judgment allowed the appeals, setting aside the advertisement order and instructing impartial consideration of its necessity in accordance with the law. en-us Tue, 21 Jul 1998 00:00:00 +0530 Fri, 24 Feb 2012 13:38:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103715 The court addressed issues regarding winding-up petitions for private limited companies. It determined that the impugned order lacked statutory safeguards and clarified that a winding-up petition is not a mode for debt recovery, especially when the debt is disputed. The court emphasized the judge's discretion in ordering advertisement and highlighted the ability to suspend advertisement pending a petition revocation application. The judgment allowed the appeals, setting aside the advertisement order and instructing impartial consideration of its necessity in accordance with the law. Case-Laws Companies Law Tue, 21 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103715