https://www.taxtmi.com/caselaws?id=104347 The court admitted the winding-up petition under sections 433(e), 434(1)(a), and 439(b) of the Companies Act, 1956, due to the respondent-company's failure to pay for newsprint supplied. The court found that the respondent-company's defense regarding the quality and price of the newsprint was not bona fide. The pendency of a civil suit did not prevent the winding-up petition, and the issue of commercial insolvency would be determined during the inquiry stage. The court ordered the publication of the winding-up advertisement as prescribed. en-us Mon, 07 Sep 1998 00:00:00 +0530 Tue, 28 Feb 2012 17:20:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104347 The court admitted the winding-up petition under sections 433(e), 434(1)(a), and 439(b) of the Companies Act, 1956, due to the respondent-company's failure to pay for newsprint supplied. The court found that the respondent-company's defense regarding the quality and price of the newsprint was not bona fide. The pendency of a civil suit did not prevent the winding-up petition, and the issue of commercial insolvency would be determined during the inquiry stage. The court ordered the publication of the winding-up advertisement as prescribed. Case-Laws Companies Law Mon, 07 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104347