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    <title>1997 (7) TMI 551 - HIGH COURT OF PUNJAB AND HARYANA</title>
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    <description>The court admitted the petition for winding up the respondent-company under the Companies Act, 1956 due to non-payment for supplied goods. The court found the respondent&#039;s defense not bona fide, noting discrepancies in their claims and actions, ultimately concluding that the respondent failed to make the due payment, indicating an inability to pay debts. The court ordered the winding up of the respondent-company and its publication in specified publications for further proceedings.</description>
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      <description>The court admitted the petition for winding up the respondent-company under the Companies Act, 1956 due to non-payment for supplied goods. The court found the respondent&#039;s defense not bona fide, noting discrepancies in their claims and actions, ultimately concluding that the respondent failed to make the due payment, indicating an inability to pay debts. The court ordered the winding up of the respondent-company and its publication in specified publications for further proceedings.</description>
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