https://www.taxtmi.com/caselaws?id=104326 Amalgamation transferred the transferor-company's debts and liabilities to the transferee-company, giving the petitioner locus standi as creditor to pursue the winding-up petition. The respondent's letter on company letterhead, signed by its Assistant Vice-President (Finance), was treated as a valid acknowledgment of liability for limitation purposes. On the materials before the HC, a prima facie unpaid debt was shown and the respondent had admitted an outstanding balance despite statutory notice. At the admission stage under the Companies (Court) Rules, the court confined itself to whether the petition was fit for admission and advertisement, and directed admission while deferring advertisement for a limited period unless the admitted amount was deposited. en-us Tue, 25 Aug 1998 00:00:00 +0530 Tue, 28 Feb 2012 16:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104326 Amalgamation transferred the transferor-company's debts and liabilities to the transferee-company, giving the petitioner locus standi as creditor to pursue the winding-up petition. The respondent's letter on company letterhead, signed by its Assistant Vice-President (Finance), was treated as a valid acknowledgment of liability for limitation purposes. On the materials before the HC, a prima facie unpaid debt was shown and the respondent had admitted an outstanding balance despite statutory notice. At the admission stage under the Companies (Court) Rules, the court confined itself to whether the petition was fit for admission and advertisement, and directed admission while deferring advertisement for a limited period unless the admitted amount was deposited. Case-Laws Companies Law Tue, 25 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104326