https://www.taxtmi.com/caselaws?id=108242 A belated objection that the debt was not legally recoverable for want of a valid wireless telegraphy licence was rejected because the record showed renewal requests, licence history, and a renewed licence covering the relevant supply period. The Court treated the licence as valid for that period and held that liability could not be denied on the basis of an alleged licensing defect, making further examination of section 23 of the Contract Act unnecessary. On the debt issue, receipt and use of supplies without protest, dishonoured cheques issued towards part payment, and an admitted liability in the balance sheet were treated as sufficient proof of indebtedness and inability to pay, supporting admission of the winding-up petition. en-us Mon, 07 Jul 2003 00:00:00 +0530 Fri, 30 Mar 2012 15:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108242 A belated objection that the debt was not legally recoverable for want of a valid wireless telegraphy licence was rejected because the record showed renewal requests, licence history, and a renewed licence covering the relevant supply period. The Court treated the licence as valid for that period and held that liability could not be denied on the basis of an alleged licensing defect, making further examination of section 23 of the Contract Act unnecessary. On the debt issue, receipt and use of supplies without protest, dishonoured cheques issued towards part payment, and an admitted liability in the balance sheet were treated as sufficient proof of indebtedness and inability to pay, supporting admission of the winding-up petition. Case-Laws Companies Law Mon, 07 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108242