https://www.taxtmi.com/caselaws?id=106086 An unpaid bill discounting liability, followed by service of statutory notice under the Companies Act, supported a winding-up petition against the respondent-company. The petition had earlier been admitted on a prima facie finding that the company was unable to pay its debts and was ordered to be advertised under the Companies (Court) Rules, 1959. After advertisement, no effective opposition was pressed on behalf of the company. The High Court therefore found the respondent-company liable to be wound up and allowed the winding-up prayer. en-us Wed, 26 Jul 2000 00:00:00 +0530 Mon, 12 Mar 2012 15:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106086 An unpaid bill discounting liability, followed by service of statutory notice under the Companies Act, supported a winding-up petition against the respondent-company. The petition had earlier been admitted on a prima facie finding that the company was unable to pay its debts and was ordered to be advertised under the Companies (Court) Rules, 1959. After advertisement, no effective opposition was pressed on behalf of the company. The High Court therefore found the respondent-company liable to be wound up and allowed the winding-up prayer. Case-Laws Companies Law Wed, 26 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106086