https://www.taxtmi.com/caselaws?id=104230 The court admitted the petition for hearing and ordered the publication of citations in newspapers. If the outstanding debts were paid within three weeks, the publication of citations would be avoided. The respondent's counter-claim was deemed devoid of merit, and the court found the respondent's defense lacking substance and good faith. Despite acknowledging the debt and promising repayment, the respondent failed to clear the outstanding dues. The court noted the respondent's financial inability to pay the debts, as evidenced by a net loss shown in the balance sheet. en-us Tue, 07 Sep 1999 00:00:00 +0530 Tue, 28 Feb 2012 12:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104230 The court admitted the petition for hearing and ordered the publication of citations in newspapers. If the outstanding debts were paid within three weeks, the publication of citations would be avoided. The respondent's counter-claim was deemed devoid of merit, and the court found the respondent's defense lacking substance and good faith. Despite acknowledging the debt and promising repayment, the respondent failed to clear the outstanding dues. The court noted the respondent's financial inability to pay the debts, as evidenced by a net loss shown in the balance sheet. Case-Laws Companies Law Tue, 07 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104230