https://www.taxtmi.com/caselaws?id=106429 A company was found unable to pay its debts where service was treated as sufficient by publication and notice, yet it did not appear or file any defence. The record showed an unpaid loan liability and continued non-payment despite demand, with no objection disputing the debt or resisting the winding-up petition. On that basis, the court concluded that the company was unable to pay its dues and ordered it to be wound up. en-us Fri, 09 Aug 2002 00:00:00 +0530 Wed, 14 Mar 2012 11:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106429 A company was found unable to pay its debts where service was treated as sufficient by publication and notice, yet it did not appear or file any defence. The record showed an unpaid loan liability and continued non-payment despite demand, with no objection disputing the debt or resisting the winding-up petition. On that basis, the court concluded that the company was unable to pay its dues and ordered it to be wound up. Case-Laws Companies Law Fri, 09 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106429