https://www.taxtmi.com/caselaws?id=109327 The court allowed intervention at the admission stage, holding that interested joint venture partners or secured creditors may be permitted to file pleadings and make oral submissions when their participation is necessary to oppose admission. On the substantive issue, the petition under the insolvency/winding-up ground of inability to pay debts was dismissed: where the petitioner is an equal joint venture partner who also owes partnership liabilities that exceed the claimed debt, the claim must be considered in the partnership account and winding up is not a suitable remedy, so the petition is not maintainable on that basis. en-us Fri, 09 Jan 2004 00:00:00 +0530 Sat, 07 Apr 2012 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109327 The court allowed intervention at the admission stage, holding that interested joint venture partners or secured creditors may be permitted to file pleadings and make oral submissions when their participation is necessary to oppose admission. On the substantive issue, the petition under the insolvency/winding-up ground of inability to pay debts was dismissed: where the petitioner is an equal joint venture partner who also owes partnership liabilities that exceed the claimed debt, the claim must be considered in the partnership account and winding up is not a suitable remedy, so the petition is not maintainable on that basis. Case-Laws Companies Law Fri, 09 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109327