https://www.taxtmi.com/caselaws?id=105492 A winding up petition was considered on whether the respondent-company had raised a bona fide defence to resist advertisement for hearing. The company disputed liability and said accounts were unreconciled and further sums were due to it, but the Court treated this defence as vague and unsupported because it failed to produce its own company accounts and the last audited balance sheet despite opportunity. On the material before it, the Court formed a prima facie view that the company was avoiding payment and was unable to pay its dues, and directed advertisement of the petition under the applicable company court rules with a hearing date fixed. en-us Tue, 07 Aug 2001 00:00:00 +0530 Mon, 05 Mar 2012 18:13:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105492 A winding up petition was considered on whether the respondent-company had raised a bona fide defence to resist advertisement for hearing. The company disputed liability and said accounts were unreconciled and further sums were due to it, but the Court treated this defence as vague and unsupported because it failed to produce its own company accounts and the last audited balance sheet despite opportunity. On the material before it, the Court formed a prima facie view that the company was avoiding payment and was unable to pay its dues, and directed advertisement of the petition under the applicable company court rules with a hearing date fixed. Case-Laws Companies Law Tue, 07 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105492