https://www.taxtmi.com/caselaws?id=104316 The court admitted the petition for winding up the respondent-company based on the petitioner's claim of non-payment of lease rents. Discrepancies in the respondent's defense regarding an oral agreement and voluntary adjustments led to a decision to investigate commercial insolvency later. A prima facie case of debt owed by the respondent, amounting to at least Rs. 12,92,012 plus interest, justified the admission of the winding-up petition. en-us Mon, 10 Aug 1998 00:00:00 +0530 Tue, 28 Feb 2012 16:35:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104316 The court admitted the petition for winding up the respondent-company based on the petitioner's claim of non-payment of lease rents. Discrepancies in the respondent's defense regarding an oral agreement and voluntary adjustments led to a decision to investigate commercial insolvency later. A prima facie case of debt owed by the respondent, amounting to at least Rs. 12,92,012 plus interest, justified the admission of the winding-up petition. Case-Laws Companies Law Mon, 10 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104316