https://www.taxtmi.com/caselaws?id=108058 In winding-up jurisdiction, a petition based on unpaid contractual dues was treated as timely where the claim arose from bills for work done and consultancy services, supported by the company's own record of last payment and tax deduction. The company's denial of liability failed because it was not backed by the contract, correspondence, accounts, or any material showing a lawful basis for liquidated damages or overpayment adjustments, and an adverse inference followed from the absence of supporting books. With a prima facie debt established, no bona fide defence shown, and non-payment persisting after notice, the company was treated as unable to pay its debts and the petition was admitted. en-us Wed, 10 Feb 1999 00:00:00 +0530 Wed, 28 Mar 2012 15:36:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108058 In winding-up jurisdiction, a petition based on unpaid contractual dues was treated as timely where the claim arose from bills for work done and consultancy services, supported by the company's own record of last payment and tax deduction. The company's denial of liability failed because it was not backed by the contract, correspondence, accounts, or any material showing a lawful basis for liquidated damages or overpayment adjustments, and an adverse inference followed from the absence of supporting books. With a prima facie debt established, no bona fide defence shown, and non-payment persisting after notice, the company was treated as unable to pay its debts and the petition was admitted. Case-Laws Companies Law Wed, 10 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108058