https://www.taxtmi.com/caselaws?id=103781 The court allowed the winding-up petition under sections 433 and 434 of the Companies Act, 1956, filed against the respondent company due to non-payment of lease amounts for gas cylinders, resulting in a claim of Rs. 62,06,958.74. The respondent's defenses on disputed claims, time-barred payments, and jurisdiction were dismissed. Despite the company's claims of having assets over Rs. 10 crores, the court found in favor of the petitioner, ordering the winding up of the respondent company. The Official Liquidator was appointed to oversee the liquidation process as per the Companies Act, 1956. en-us Fri, 16 Oct 1998 00:00:00 +0530 Fri, 24 Feb 2012 16:10:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103781 The court allowed the winding-up petition under sections 433 and 434 of the Companies Act, 1956, filed against the respondent company due to non-payment of lease amounts for gas cylinders, resulting in a claim of Rs. 62,06,958.74. The respondent's defenses on disputed claims, time-barred payments, and jurisdiction were dismissed. Despite the company's claims of having assets over Rs. 10 crores, the court found in favor of the petitioner, ordering the winding up of the respondent company. The Official Liquidator was appointed to oversee the liquidation process as per the Companies Act, 1956. Case-Laws Companies Law Fri, 16 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103781