https://www.taxtmi.com/caselaws?id=108519 The court granted the winding up petition under section 433(e) of the Companies Act, appointing the Official Liquidator as the Provisional Liquidator of the respondent company due to an outstanding payment dispute. The respondent failed to dispute the debt and did not provide evidence to rebut the presumption of inability to pay debts, leading to the court's decision. The judgment emphasized the importance of honoring financial obligations and the legal consequences of failing to repay debts as per the Act. en-us Tue, 18 Mar 2003 00:00:00 +0530 Mon, 02 Apr 2012 10:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108519 The court granted the winding up petition under section 433(e) of the Companies Act, appointing the Official Liquidator as the Provisional Liquidator of the respondent company due to an outstanding payment dispute. The respondent failed to dispute the debt and did not provide evidence to rebut the presumption of inability to pay debts, leading to the court's decision. The judgment emphasized the importance of honoring financial obligations and the legal consequences of failing to repay debts as per the Act. Case-Laws Companies Law Tue, 18 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108519