https://www.taxtmi.com/caselaws?id=104338 The court admitted the winding-up petition, finding the respondent-company indebted to the petitioner-firm for Rs. 57,38,332. The court concluded that the respondent-company was liable for outstanding dues related to works at specific sites, despite defense arguments being deemed neither bona fide nor probable. The court also found the respondent-company failed to pay debts despite statutory notice and mishandled deductions under TDS. The winding-up petition was ordered to be advertised, with a two-week suspension for a possible appeal. en-us Tue, 01 Sep 1998 00:00:00 +0530 Tue, 28 Feb 2012 17:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104338 The court admitted the winding-up petition, finding the respondent-company indebted to the petitioner-firm for Rs. 57,38,332. The court concluded that the respondent-company was liable for outstanding dues related to works at specific sites, despite defense arguments being deemed neither bona fide nor probable. The court also found the respondent-company failed to pay debts despite statutory notice and mishandled deductions under TDS. The winding-up petition was ordered to be advertised, with a two-week suspension for a possible appeal. Case-Laws Companies Law Tue, 01 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104338