https://www.taxtmi.com/caselaws?id=104415 A company's inability to pay debts was established where the debt was substantially admitted, only interest was disputed, and the company failed to comply with repeated directions to pay the admitted sum despite statutory notice and multiple extensions. The Court treated the continued default and partial deposit over an extended period as sufficient evidence of inability to pay debts under the Companies Act, 1956, and held the company liable to be wound up. en-us Mon, 09 Nov 1998 00:00:00 +0530 Wed, 29 Feb 2012 10:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104415 A company's inability to pay debts was established where the debt was substantially admitted, only interest was disputed, and the company failed to comply with repeated directions to pay the admitted sum despite statutory notice and multiple extensions. The Court treated the continued default and partial deposit over an extended period as sufficient evidence of inability to pay debts under the Companies Act, 1956, and held the company liable to be wound up. Case-Laws Companies Law Mon, 09 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104415