https://www.taxtmi.com/caselaws?id=106857 The appeal was dismissed as the court found that the company had paid the principal amount and interest before the petition was filed, negating the grounds for winding up. The court emphasized that admitted debts must remain unpaid for a winding-up order, and since the debts were settled, there was no cause for winding up. The court upheld the Single Judge's decision, ruling that there was no subsisting cause of action for winding up based on the disputed interest claim on delayed payments. en-us Fri, 02 Nov 2001 00:00:00 +0530 Fri, 16 Mar 2012 10:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106857 The appeal was dismissed as the court found that the company had paid the principal amount and interest before the petition was filed, negating the grounds for winding up. The court emphasized that admitted debts must remain unpaid for a winding-up order, and since the debts were settled, there was no cause for winding up. The court upheld the Single Judge's decision, ruling that there was no subsisting cause of action for winding up based on the disputed interest claim on delayed payments. Case-Laws Companies Law Fri, 02 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106857