https://www.taxtmi.com/caselaws?id=109435 The court granted the petition for winding up Khaitan Overseas and Finance Limited under sections 433, 434, and 439 of the Companies Act, 1956. Despite preliminary objections, the court found the debt acknowledgment valid and enforceable within the limitation period. As the company failed to pay the admitted debt and did not provide a justifiable defense, the court ordered the winding up of the company and appointed the Official Liquidator to oversee the liquidation process. en-us Wed, 15 Oct 2003 00:00:00 +0530 Tue, 10 Apr 2012 11:51:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109435 The court granted the petition for winding up Khaitan Overseas and Finance Limited under sections 433, 434, and 439 of the Companies Act, 1956. Despite preliminary objections, the court found the debt acknowledgment valid and enforceable within the limitation period. As the company failed to pay the admitted debt and did not provide a justifiable defense, the court ordered the winding up of the company and appointed the Official Liquidator to oversee the liquidation process. Case-Laws Companies Law Wed, 15 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109435