https://www.taxtmi.com/caselaws?id=106074 A company may be wound up for inability to pay its admitted debt where the debt is not disputed and no effective rebuttal is filed after due service and publication. Here, the respondent-company admitted liability, yet filed no reply or counter-affidavit to contest the claim despite service under the Companies (Court) Rules, 1956. The Court treated the admitted default as sufficient to establish inability to pay under the Companies Act, 1956, and held that winding up was warranted. The winding-up petition succeeded, and the Official Liquidator was directed to proceed as liquidator in accordance with the applicable rules. en-us Wed, 12 Jul 2000 00:00:00 +0530 Mon, 12 Mar 2012 15:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106074 A company may be wound up for inability to pay its admitted debt where the debt is not disputed and no effective rebuttal is filed after due service and publication. Here, the respondent-company admitted liability, yet filed no reply or counter-affidavit to contest the claim despite service under the Companies (Court) Rules, 1956. The Court treated the admitted default as sufficient to establish inability to pay under the Companies Act, 1956, and held that winding up was warranted. The winding-up petition succeeded, and the Official Liquidator was directed to proceed as liquidator in accordance with the applicable rules. Case-Laws Companies Law Wed, 12 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106074