https://www.taxtmi.com/caselaws?id=104287 An ex parte winding-up order was set aside because the company had shown an ability to pay the admitted debt. The court treated the deposit of the principal sum within the time directed as evidence of solvency, and noted that winding-up relief is justified only where inability to pay debts is shown. The earlier order had also been passed without hearing the company, which supported reopening the matter. The company application was therefore allowed with costs. en-us Thu, 09 Jul 1998 00:00:00 +0530 Tue, 28 Feb 2012 15:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104287 An ex parte winding-up order was set aside because the company had shown an ability to pay the admitted debt. The court treated the deposit of the principal sum within the time directed as evidence of solvency, and noted that winding-up relief is justified only where inability to pay debts is shown. The earlier order had also been passed without hearing the company, which supported reopening the matter. The company application was therefore allowed with costs. Case-Laws Companies Law Thu, 09 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104287