https://www.taxtmi.com/caselaws?id=105966 A winding up petition is not barred merely because the debt claimed is not large, if the statutory requirements for admission are otherwise met. The court treated the size of the claim as irrelevant and noted that the amount was above the prescribed threshold. The petition was admitted because the respondent-company admitted financial and inability to make payment, and the debt remained unpaid despite notice, establishing inability to pay debts for winding up purposes. The court therefore accepted the petition and directed publication of notice before the next hearing. en-us Tue, 08 Feb 2000 00:00:00 +0530 Mon, 12 Mar 2012 11:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105966 A winding up petition is not barred merely because the debt claimed is not large, if the statutory requirements for admission are otherwise met. The court treated the size of the claim as irrelevant and noted that the amount was above the prescribed threshold. The petition was admitted because the respondent-company admitted financial and inability to make payment, and the debt remained unpaid despite notice, establishing inability to pay debts for winding up purposes. The court therefore accepted the petition and directed publication of notice before the next hearing. Case-Laws Companies Law Tue, 08 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105966